Arkham monitoring reported that the Grayscale associated address transferred 2,204 BTC to the Coinbase Prime deposit address (3Chmt) about 2 hours ago, equivalent to approximately $134 million. Subsequently, the Grayscale Coinbase Prime deposit address (3Chmt) transferred 2,204 BTC to an address marked as "Coinbase Prime: Hot Wallet (3MqUP)" about 15 minutes ago.
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