Crypto VC Paradigm may have sold ETH 3 hours ago: they transferred 5,500 ETH ($8.66M) to institutional brokerage platform Anchorage Digital.

In the past year, Paradigm has transferred a total of 96,955 ETH ($301.57M) to Anchorage, with an average price of $3110.

According to previous transfer patterns, ETH flows into CEXs like Coinbase and Binance after being transferred to Anchorage.