According to on-chain analyst Ember, a whale/institution address that has not been operating for 15 months transferred all ETH (10,281 ETH, worth $24.70 million) in the address to
Coinbase 30 minutes ago, suspected of being ready for clearance.
His ETH is primarily raised in 2022-2023 from FTX US, Gemini,
Coinbase, Kraken and other exchanges at $1,504, and if sold, is expected to realize a gain of $9.23 million.