The latest update from COINOTAG reveals that Paradigm, a significant player in the crypto investment landscape, has executed a notable transaction involving Ethereum (ETH). Approximately three hours ago, the firm transferred 5,500 ETH, equivalent to an impressive $8.66 million, to the institutional brokerage platform, Anchorage. This transaction is part of a larger trend; over the past year, Paradigm has transferred a staggering total of 96,955 ETH, valued at around $301 million, to Anchorage, with an average trading price of $3,110. Historically, Paradigm’s transfer patterns suggest that these assets may subsequently be redirected to prominent centralized exchanges such as Coinbase and Binance. As institutional interest in cryptocurrency continues to grow, monitoring these movements can provide valuable insights into market dynamics.
Source: https://en.coinotag.com/breakingnews/paradigm-transfers-5500-eth-to-anchorage-a-closer-look-at-ethereums-movement-trends/