Cumberland received 20,000 ETH from Fidelity 10 hours ago and then deposited all of it into Binance
Foresight News reported that according to monitoring by @ai_9684xtpa, market maker Cumberland received 20,000 ETH (approximately $61.38 million) from the Fidelity FETH ETF Inflows address 10 hours ago, and then deposited the entire amount into Binance.
@ai_9684xtpa stated that the token deposit coincided with the short-term trough of the ETH price, and if this portion of ETH has been sold, it may have been one of the drivers behind the ETH decline last night.
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