Whale Repays Loan with $35 Million ETH Withdrawal from Coinbase

A significant Ethereum (ETH) withdrawal of 13,800 ETH from Coinbase, valued at approximately $35 million, has been reported as part of a loan repayment. The transaction remains anonymous, but the whale’s actions reflect strategic financial adjustments within the cryptocurrency ecosystem. 13,800 ETH was transferred to repay a loan secured with cbBTC, despite still owing a substantial amount of Ethereum, highlighting the complex dynamics of large-scale transactions in crypto markets. 13,800 ETH is noteworthy for its scale and timing. This move aligns with recent trends of large asset movements from Coinbase amid operational adjustments and market uncertainties.