Three New Addresses Withdraw $60.37 Million in Ether From Coinbase

Three new addresses withdrew 23,456 Ether (ETH) from Coinbase in a transaction valued at about $60.37 million, marking a large exchange-flow move for the asset.

The withdrawals were made at an average price of $2,574.06 per ETH. The value reflects the token price at the time of the transaction and does not indicate how the addresses plan to use the funds.

Large transfers away from exchanges are often watched for potential changes in available trading supply and liquidity. The transaction does not by itself establish whether the ETH will be held, transferred again or used in another activity.