TechFlow reports, according to on-chain data analyst Yu Jin, seven addresses transferred a total of approximately 3.7 million OP (worth about $5.52 million) to an address starting with 0xfabb nine hours ago. Subsequently, the 0xfabb address sent these 3.7 million OP to Coinbase.
These seven addresses originally received their OP from an address starting with 0x123—marked by Nansen as OP Labs—on August 17. The last time these addresses moved funds was on May 31, during the first unlock for OP core contributors (team) and investors, when they transferred 86.6 million OP to Coinbase.
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