A post by @whale_alert on X.

34,382 ETH worth $78,551,053 was transferred from Coinbase Institutional to an unknown new wallet, according to blockchain tracker Whale Alert. The transfer, flagged with four alert emojis indicating unusual size, moved funds from the custody platform used by institutional investors to a freshly created address with no transaction history. Large outflows from Coinbase Institutional are often read as institutional accumulation signals, since coins moved to self-custody are typically held rather than sold on exchanges. The move comes as ETH remains a focal point for institutional treasury strategies and ETF-related flows. Market watchers will be tracking whether the receiving wallet splits the funds, bridges them to another chain, or sends them back to an exchange, which would clarify whether the transfer signals accumulation or preparation for sale.