A Company May Have Sold a Large Amount of This Altcoin – Onchain Data Shows
According to on-chain analysis, 4,120 ETH (approximately $12.2 million) was transferred to a centralized exchange (CEX) in the past hours from an address believed to be affiliated with staking and verification service provider Arthapala.
The address in question has sold a total of 118,907 ETH since June 11, 2025, with a total value of approximately $202 million. The average transfer price was recorded as $2,546.
Meanwhile, the Ethereum spot ETF market is also experiencing significant momentum. According to SoSoValue data, a total of $205 million in net inflows into Ethereum spot ETFs yesterday, marking the sixth consecutive day of net inflows into the funds.
The ETF with the highest single net inflow of the day was BlackRock's ETHA, with $137 million. ETHA's total historical net inflow reached $6.29 billion.
The Grayscale Ethereum Mini Trust ETF (ETH) came in second. This fund saw net inflows of $25.5 million in a single day, bringing its total net inflow to $824 million.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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