FalconX Sells 120 BTC to Coinbase for $782 Million
FalconX has transferred 120 Bitcoin (BTC) worth approximately $782 million to Coinbase.
This large transfer of BTC is notable in the cryptocurrency market as it indicates a significant movement of funds between two major players in the industry. FalconX, a leading digital asset platform, has been active in the space for some time now.
The exact reason behind this massive transfer remains unclear at this point.