CandleFocus Fidelity Shifts 64,997 Ethereum Worth $213M to Coinbase in 34 Hours
2025-01-10
Author: Content Editor
Asset manager Fidelity has transferred millions of dollars' worth of Ethereum to Coinbase within a short period of time, leading to speculation of a potential sell-off. Large Ether holders are reportedly moving significant amounts of the asset to exchanges, contributing to the bearish momentum. Fidelity moved around 65 million ETH to Coinbase through its liquidity provider, Cumberland. In addition, the Ethereum Foundation has also participated in crypto sell-offs by selling 100 ETH. These sales have raised concerns about a further decline in the market. Despite this, Fidelity remains optimistic about the long-term prospects of Ethereum and Bitcoin.
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