Grayscale Moves Again 🫣🫣 But Is an
$ETH Sell-Off Coming?
Just under an hour ago, Grayscale quietly moved 3,701 ETH (worth around $16.3 million) to Coinbase Prime and it’s got traders buzzing.
The move comes right after Grayscale’s massive staking spree, where they locked up 857,600 ETH worth billions. So why send a fresh batch to an exchange now?
Some see it as a routine treasury adjustment. Others, though, are reading between the lines , wondering if this could be a prelude to a strategic sell-off or just liquidity management as market momentum builds.
Whatever the reason, one thing’s clear