Fidelity triggers sell-off fears for this crypto after dumping over $50 million

Investment management giant Fidelity has triggered possible Ethereum (ETH) sell-off jitters after transferring $54 million worth of the asset to Coinbase. In this transaction, a wallet previously funded by Fidelity Custody moved 10,000 ETH and 4,978 ETH to Coinbase within a five-minute window, according to Arkham Intelligence data provided on August 5. Fidelity Ethereum transfer to Coinbase. Source: Arkham The transfers, valued at approximately $35 source: https://finbold.com/fidelity-triggers-sell-off-fears-for-this-crypto-after-dumping-over-50-million/