ParaFi withdraws 7,000 ETH from Coinbase!

The post ParaFi withdraws 7,000 ETH from Coinbase! appeared first on Coinpedia Fintech News

ParaFi, a venture capital firm, has withdrawn 7,000 Ethereum (ETH) from Coinbase and transferred the funds to Galaxy Digital-related addresses, according to on-chain analyst 0xScopescan. Over the past month, ParaFi has accumulated $21 million worth of ETH from various sources, including FalconX, Coinbase, Cumberland, and Machibigbrother.eth. This highlights the trend of VC firms taking interest in cryptocurrency investments, and ParaFi’s ETH accumulation could potentially impact Ethereum’s market dynamics as one of the major players in the space.