Coinbase completed a large transfer on the Ethereum chain today, transferring 6,663 ETH to Coinbase Institutional, worth about $22.28 million. 💰The transfer was monitored by Whale Alert at around 21:35 Beijing time.

This transfer has attracted widespread attention in the market, and investors have speculated on the intentions behind it. 📈Although such large transfers are not uncommon in the crypto market, they can trigger a wave of discussion every time.

For the market, this may just be a regular fund transfer, or it may indicate further actions by institutional investors. 🔍In any case, it is always right to keep paying attention.