A whale purchased 50,000 ETH from a Fidelity-linked wallet, and may later transfer it to Coinbase for sale

August 8th, according to Onchain Lens monitoring, a whale bought 50,000 ETH from a Fidelity-linked wallet yesterday, worth approximately $95.73 million. 3 hours ago, the whale transferred 36,530 ETH (about $69.94 million) to a new address.

On-chain data shows that based on the transaction pattern of this address, these funds may be subsequently transferred to Coinbase for sale. The relevant address is: 0x951A4d24BA0F038B9872F253C380836Db9E67D53.