Cumberland, a prominent cryptocurrency market maker, recently sent roughly 11,800 ETH (valued at $31.88 million) to Coinbase, as reported by Lookonchain. This transaction occurred approximately nine hours ago. In a related development, ParaFi Capital's designated address withdrew 5,134 ETH (worth $13.83 million) from Lido and deposited it into Coinbase Prime. These substantial transfers indicate ongoing activity within the cryptocurrency market, potentially reflecting adjustments in trading strategies or portfolio rebalancing by major players like Cumberland and ParaFi Capital.