Data: Cumberland received 20,000 ETH distributed by Fidelity 10 hours ago, and then all were deposited into Binance

2025-01-14 10:14:32

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ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, 10 hours ago, the market maker Cumberland received 20,000 ETH (approximately $61.38 million) distributed from the Fidelity FETH ETF inflows address, which was then fully deposited into Binance.

The timing of the token deposit coincided with a short-term low in the ETH price. If this portion of ETH has been sold, it could be one of the drivers behind last night's ETH decline.

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Cumberland ETH Binance Market Maker

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