Arthapala Deposits 4,120 ETH Worth $12.196 Million to CEX

Arthapala, a suspected staking service provider, has once again deposited 4,120 ETH to a centralized exchange (CEX) within the past hour. This transaction, valued at approximately $12.196 million, marks the latest in a series of significant ETH transfers by the entity. The address associated with Arthapala has been under scrutiny for selling 118,907 ETH since June 11, 2025, with a cumulative value of up to $202 million. The average deposit price for these transactions has been around $2,546 per ETH.

The recent deposit of 4,120 ETH to the CEX suggests continued activity by Arthapala in the cryptocurrency market. This move could indicate various strategic intentions, such as liquidating assets, managing risk, or preparing for future investments. The significant volume of ETH transferred to the CEX highlights Arthapala's substantial involvement in the market, potentially influencing the supply and demand dynamics of ETH.

The average deposit price of $2,546 per ETH provides insight into the market conditions during the period of these transactions. This price point could reflect the prevailing market sentiment and the value perception of ETH at the time of the deposits. The cumulative value of $202 million from the 118,907 ETH sold underscores the financial scale of Arthapala's operations and its impact on the broader cryptocurrency ecosystem.

The ongoing monitoring of Arthapala's activities by on-chain analysts and market observers underscores the importance of transparency and accountability in the cryptocurrency space. As the market continues to evolve, the actions of key players like Arthapala will remain under close scrutiny, influencing market trends and investor confidence.