PANews reported on July 24 that Arkham data showed that in nearly an hour, Grayscale's Ethereum trust address transferred a total of 140,044 ETH to the Coinbase Prime hot wallet address via 5 addresses, equivalent to approximately US$486 million.

In addition, Grayscale's Bitcoin Trust address transferred 700 BTC to the Coinbase Prime address, equivalent to approximately US$46.56 million.