ParaFi Capital Moves $13.84M in ETH to Coinbase Prime Following EigenLayer Withdrawal
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 28 2024ParaFi Capital's ETH Transfer: ParaFi Capital moved 5,134 ETH (approximately $13.84 million) to Coinbase Prime after withdrawing from EigenLayer, indicating a potential reallocation of assets or profit-taking as Ethereum's price increased since their initial deposit.
Strategic Importance of Coinbase Prime: The transfer highlights ParaFi's active portfolio management strategy and reliance on Coinbase Prime for secure trading and custody services, reflecting the ongoing trend of institutional investors engaging with regulated platforms in the crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
