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Four new addresses are claimed to have withdrawn 31,979 ETH from Coinbase after a market pullback, but the claim that they belong to the same entity remains uncertain.
As prices rise and fall, the tokens have changed hands again: four new addresses withdrew 31979 $ETH after the broader market pulled back 🤨
Between 23:31 and 23:38 last night, four new addresses suspected to belong to the same whale/entity withdrew ETH worth $85.68 million from #Coinbase, at an average price of $2679.31
Wallet addresses https://t.co/etvgqRZUPY https://t.co/kWBJSO1QHk https://t.co/MqZVWR4dgx https://t.co/Dry8kXDPKm
The original text states that four new addresses withdrew 31,979 ETH after the broader market pulled back.
The original text states that between 23:31 and 23:38 last night, four new addresses withdrew ETH from Coinbase.
The total ETH value given in the original text is $85.68 million, at an average price of $2,679.31.
The original text states that these addresses are “suspected to belong to the same whale/entity.”
The original text lists links to four wallet addresses.
The following is analysis, separate from reported facts. Verify important claims independently.
This content describes an on-chain asset transfer: four new addresses withdrew ETH from Coinbase. A withdrawal generally means that assets were transferred from a platform address to an external wallet, but the original text does not state their subsequent use and does not confirm that the four addresses are controlled by the same party.
The concentrated withdrawal of a large amount of ETH may draw market participants’ attention because it reflects asset-transfer activity by the relevant addresses; this transfer alone cannot establish buying or selling intent or the subsequent price direction.
Beginners can understand this as a relatively large record of assets moving from an exchange to external wallets, but should not treat speculation about address ownership or a single transfer as a direct price signal.
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View glossary →An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
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