A wallet belonging to Bitmine transferred 5,300 ETH to Coinbase Prime 3 hours ago.

CoinFeed reported on March 10th that, according to on-chain analyst Yu Jin, a wallet labeled as belonging to Bitmine transferred 5,300 ETH ($10.75 million) to Coinbase Prime three hours ago. It's worth noting that Bitmine increased its ETH holdings by 61,000 ($123 million) last week. Yu Jin believes the wallet in question may be incorrectly labeled, or Bitmine may be trying to stake directly through Coinbase Prime.