Ethereum Whale Withdraws $35.26 Million from Coinbase, Facing $82.61 Million Debt in ETH

By: en coinotag|2025/05/16 09:45:05

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On May 16th, COINOTAG reported a significant movement in the cryptocurrency market, highlighting an activity from a prominent whale address. This address withdrew 13,800 ETH from Coinbase, a transaction valued at approximately $35.26 million . Notably, this withdrawal was coupled with the repayment of ETH that had been borrowed using cbBTC . Despite this repayment, the whale still retains an outstanding obligation of 32,377.6 ETH , equating to around $82.61 million . These transactions underscore the continuing volatility in the crypto space and the strategic maneuvers of high-value investors—an important development for analysts monitoring market trends and liquidity shifts.

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