Whale Moves 4,148 ETH to Coinbase and Sells 9.1M USDT Amid Massive Ethereum Withdrawals

According to on-chain analyst Ai Auntie (@ai_9684xtpa), a significant whale transaction was recorded recently involving the transfer of 4,148 ETH, valued at approximately $10.08 million, to Coinbase. Shortly after, the same address moved out 9.1 million USDT, indicating a probable liquidation event. This activity follows a prior withdrawal phase where the whale extracted 16,910.45 ETH between April 10th and May 14th, averaging a price point near $2,261 per ETH, culminating in a total transaction volume exceeding $382 million. Despite the recent sale, the wallet retains a substantial balance of 11,854 ETH, suggesting ongoing strategic asset management. These movements underscore the importance of monitoring whale behavior to gauge market liquidity and potential price impacts within the cryptocurrency ecosystem.