PANews reported on November 24 that, according to on-chain analyst @ai_9684xtpa, a new address 0x85E...A8408 withdrew 8,686 ETH from Coinbase in the past 8 hours, worth $24.41 million, with an average withdrawal price of $2,811.

It is currently impossible to determine whether the funds were created at a new address or transferred from a Coinbase hot wallet.