According to ChainCatcher, according to OKLink data, 300,000 ETH were transferred from addresses starting with 0x701c and 0xfd89 to Coinbase deposit addresses 27 minutes ago, with a total value of US$791,082,004. This large transfer has attracted widespread attention in the market.

First, the scale of this transaction is huge, which may have a certain impact on the market price of ETH. Secondly, the transfer to an exchange such as Coinbase may mean that the holder has the intention to sell, which may also cause fluctuations in market sentiment.

Overall, this event provides the market with important on-chain data, and it is worth investors to pay close attention to subsequent trends.