A post by @whale_alert on X.

Whale Alert reported a transfer of 33,000 ETH, valued at approximately $75.6 million, from Coinbase Institutional to an unknown wallet. The move, flagged on-chain, shifts a nine-figure sum of ether out of a major exchange’s institutional custody into a private address. The destination wallet remains unidentified, leaving open whether the coins are headed to long-term storage, an over-the-counter desk, or another protocol. The transfer matters as a signal of institutional-sized ETH flow at a time when exchange balances are closely watched for signs of accumulation or distribution. Traders will watch whether the unknown wallet moves the funds again, and whether similar large withdrawals from Coinbase Institutional follow.