Scan with your phone to get the appThree Bitcoin whales moved nearly $500M to Coinbase Prime overnight
Three large Bitcoin wallets moved a total of 6,168 BTC, worth about $498.5 million, to Coinbase Prime. The transfers were identified by Lookonchain roughly six hours before its October 28 report, when Bitcoin was trading near $80,800.
Coinbase Prime is the institutional arm of Coinbase, offering custody and trading services for big investors. Deposits to the platform often draw attention because they can be used for selling, but they may also serve portfolio rebalancing or custody‑to‑custody transfers.
The activity follows other sizable moves this week: on October 27, Lookonchain saw two whales deposit 2,571 BTC (≈$206.5 million) to the same address, and Arkham Intelligence reported a wallet sending 438.37 BTC (≈$35.4 million) after a large withdrawal a year and a half earlier.
Summary rewritten by AI from the original article by crypto.news.
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