TechFlow, April 22 — According to on-chain analyst Yu Jin, the crypto venture capital firm Paradigm may have transferred 5,500 ETH (approximately $8.66 million) to institutional custody platform Anchorage about three hours ago, likely in preparation for a sale.
Data shows that over the past year, Paradigm has sent a total of 96,955 ETH (approximately $302 million) to Anchorage at an average price of around $3,110. Historical transfer records indicate these ETH are typically forwarded from Anchorage to centralized exchanges such as Coinbase and Binance.
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