853 BTC Moved to Coinbase Institutional, Analysts Speculate

A post emerged indicating that 853 BTC had been transferred to Coinbase Institutional from an unidentified wallet. The transaction amount was listed as $65,047,692 (approximately 87.6 billion won) on the Whale Alert X account. Whale Alert posted about the transaction on May 15, though it did not specify whether this movement led to an actual sell-off.