Cumberland received a distribution of 20,000 ETH from the Fidelity FETH Inflows address 10 hours ago
Bitget2025/01/14 03:02
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According to on-chain analyst @ai_9684xtpa, 10 hours ago, market maker Cumberland received 20,000 ETH (approximately $61.38 million) distributed from the Fidelity FETH ETF Inflows address. Subsequently, all were deposited into CEX. The deposit of tokens coincided with a short-term trough in the price of ETH. If this batch of ETH has been sold off, it may have contributed to last night's decline in Ethereum value.
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