Cumberland and ParaFi Capital Head Move $45.7M in ETH To Coinbase

The post Cumberland and ParaFi Capital Head Move $45.7M in ETH To Coinbase appeared first on Coinpedia Fintech News

Despite the recent recovery run in altcoins gaining momentum, two major institutions are selling Ethereum. A wallet associated with Cumberland deposited 11,800 ETH, worth around $31.88 million, around 8 hours ago. Joining the selling spree, ParaFi Capital withdrew 5,134 ETH worth $13.83 million from Lido Finance to Coinbase Prime around 7 hours ago. As large institutional players and key names like the Ethereum Foundation and Vitalik Buterin are selling ETH, the market remains concerned about a potential crash in Ethereum coming ahead.