Dragonfly Capital, which invests in the cryptocurrency industry, transferred 3 different altcoins worth tens of millions of dollars to Coinbase.
From time to time, he stands out for his investments in the cryptocurrency sector. DragonflyCapital This time, it caught the radar by sending altcoins to the cryptocurrency exchange Coinbase.
According to data provided by on-chain analysis platform Arkham Intelligence 4 December who took action on the day0xB9…2ebFDragonfly Capital multi-signature agreement, decentralized finance (DEX) platform Ribbon Finance’s Vesting Escrow from the contract $7.09 million worth 21.08 million RBN pulled and coinbase to Prime transferred.
Dragonfly also within the same time period $4.63 million worth 1.87 million Lido Finance (LDO) And 334 thousand dollars worth 150 Ethereum (ETH) Transferred to Coinbase Prime. Coinbase Prime is the exchange’s institutional to its customers The roof it offers represents a service.
Following the transactions made by Dragonfly Capital, there was a significant movement especially in the RBN price.
These transfers made by the institutional investor were interpreted as pre-sale preparations. It is thought that the company may be reducing the risk rate by selling profits.