according to analyst Yu Jin's monitoring, the crypto venture capital firm Paradigm may have transferred 5,500 ETH (approximately $8.66 million) to the institutional brokerage platform Anchorage about 3 hours ago, presumably in preparation for sale.

Data shows that Paradigm has transferred a total of 96,955 ETH (approximately $302 million) to Anchorage over the past year, with an average transfer price of around $3,110. Historical transfer records indicate that these ETH tokens typically further flow from Anchorage to centralized exchanges such as Coinbase and Binance.