An institution has transferred 52,739 ETH to a CEX over the past two days, equivalent to approximately $129 million.

BlockBeats News, August 31st. According to Chainalysis, an institution has successively transferred 52,739 ETH (approximately $129 million) to 6 CEXs such as Binance and OKX from yesterday to today. The address currently holds 101,561 ETH (approximately $249 million).

The ETH originated from withdrawals from Coinbase at an average price of around $1,700 between 2021 and 2022, was staked on the Ethereum network in 2023, redeemed from staking in January of last year, aggregated into 2 wallets in the last two days, and then transferred to multiple CEXs.