Cryptocurrency market maker Cumberland moved approximately $20 million worth of Ethereum (ETH) to cryptocurrency exchanges.
Cumberland took action on October 30. 12,000 EthereumCryptocurrency exchanges coinbase And to OKX deposited. Reported by on-chain analysis platform Lookonchain to data by market maker 30 October 11.00 CET in the waters of about $21.5 million It mobilized 12,000 ETH worth.
of these assets 10 thousand ETH part to Coinbase transferred by Cumberland, Transfer 2 thousand ETH to OKX sent. Although the reason behind transfer transactions is not clearly known, investments in such exchanges are generally sales for the purpose of is being done.
Already in Cumberland’s cryptocurrency wallet $5.4 million worth 2,982 ETH, $2.7 million worth 1 million 892 thousand Optimism (OP) And $2.1 million worth 3 million 310 thousand Polygon (MATIC) is available.
According to CoinGecko data, the price of ETH when the market maker sends Ethereum to the exchanges $1,795 It was traded in the band. Ethereum at the time of writing from $1,823 finds buyers.