Paradigm suspected of offloading $8.66M in ETH

Crypto investment firm Paradigm is suspected to have sold 5,500 ETH ($8.66 million), according to on-chain analyst @EmberCN on X. The ETH was transferred to Anchorage Digital—a platform the firm has historically used before moving funds to centralized exchanges like Coinbase or Binance. Over the past year, Paradigm has transferred a total of 96,955 ETH ($301.57 million) to Anchorage Digital, at an average price of $3,110 per ETH.