Celsius Network, a prominent cryptocurrency lending platform, has transferred a substantial amount of Ethereum (ETH) worth over $1.2 billion, sparking speculation about the motivations behind the move and the ultimate destination of the funds.
Grayscale, the world’s largest Bitcoin investment trust, has executed another significant transfer of its holdings, further fueling concerns about potential outflows from the Grayscale Bitcoin Trust (GBTC). According to blockchain analytics firm Arkham Intelligence, Grayscale moved 17,140 Bitcoin (BTC) to Coinbase Prime Deposit on January 24th, UTC+8, at approximately 10:17 PM PST.
The Web3 lifestyle app STEPN unlocked 79.2 million GMT tokens on January 8 and transferred most of them to four addresses, which then distributed them further. Some of the recipients sent the tokens to exchanges like Binance, raising questions about the motive behind the move.