A major Ethereum transfer was detected this morning, with 20,000 ETH being moved from Fidelity’s custody to an anonymous recipient address. According to data monitored by ChainCatcher, the operation took place at 04:21 UTC, with the receiving address starting at 0xF16f.
In the current market scenario, Ethereum is down 8.29% in the last 24 hours, with the price around $2.75K. This movement of assets by Fidelity — one of the leading institutional custody platforms — reinforces the importance of the crypto ecosystem for traditional financial institutions. The identity of the receiving address remains unknown, leaving open questions about the ultimate fate of these high-volume tokens.
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Movement of 20K Ethereum Transferred from Fidelity Custody to Anonymous Address
A major Ethereum transfer was detected this morning, with 20,000 ETH being moved from Fidelity’s custody to an anonymous recipient address. According to data monitored by ChainCatcher, the operation took place at 04:21 UTC, with the receiving address starting at 0xF16f.
In the current market scenario, Ethereum is down 8.29% in the last 24 hours, with the price around $2.75K. This movement of assets by Fidelity — one of the leading institutional custody platforms — reinforces the importance of the crypto ecosystem for traditional financial institutions. The identity of the receiving address remains unknown, leaving open questions about the ultimate fate of these high-volume tokens.