Information regarding a large-scale crypto transaction that occurred on the Ethereum network on July 29, 2025, at 21:47 WIB. In this transaction, a total of 32,550 ETH, valued at approximately 124,042,730 USD, was transferred from the Coinbase Institutional wallet to an unknown wallet. Based on the transaction details, the hash is
0xa0ebdcf54667be3d9c97750cc9d338fd34f9879dcbb27da9c8e684077b38fb7e
with a very small transaction fee of 0.000119 ETH. At that time, the price of Ethereum was recorded at $3,804.82 per coin.
Coinbase Institutional is known as a crypto trading platform for large investors and financial institutions, so asset transfers of this magnitude usually attract attention from the crypto community. Large transactions to unknown wallets are often interpreted as transfers to a cold wallet for long-term storage, which could be a bullish signal as it indicates confidence in the long-term value of Ethereum. However, it is also possible that the funds are being prepared for sale through OTC (over-the-counter) routes or to other exchanges, which could be a bearish signal depending on the market conditions at that time. Movements like this should be monitored further.
