Grayscale Sells Bitcoin, Ethereum and Solana for $358 Million
The crypto market is down, and institutions appear to have taken a pause on their regular crypto accumulation spree.
On Tuesday, October 14, Grayscale made huge crypto deposits involving Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), according to recent data shared by on-chain monitoring firm Lookonchain.
The leading digital asset investment firm has returned massive portions of its Bitcoin, Ethereum, and Solana holdings to Coinbase in a move that appears to be a major sell activity.
According to data provided by the source, Grayscale has deposited 1,856 BTC, 29,718 ETH, and 10,516 SOL, collectively worth about $358 million, to Coinbase Prime within the last few hours.
Is Grayscale selling?
The timing of Grayscale’s latest crypto deposits has coincided with a broad crypto market bloodbath that has seen leading cryptocurrencies trade in deep reds. Hence, the move has raised speculations about further declines in the prices of the involved cryptocurrencies.
While Grayscale has remained one of the most prominent institutional holders of BTC and ETH, traders and analysts often monitor its movements closely, considering the direct impact and influence they can have on crypto market trends.
Typically, markets often interpret large crypto inflows to centralized exchanges like Coinbase as potential sell-side liquidity movements. Hence, speculators are confident that the move pulled by Grayscale today was an attempt to sell some of its BTC, ETH, and SOL in the face of looming uncertainties.
Further data shared by the source shows that the transactions, which occurred in multiple large volumes, were sent from Grayscale’s Bitcoin Trust, Ethereum Trust, and Digital Large Cap portfolios.
While the leading crypto fund has yet to clarify speculations surrounding the crypto deposits it made today, it appears that the firm is taking caution amid high market volatility while shrinking its holdings to hedge against further losses.
Apart from Grayscale, similar moves have also been spotted among other institutional holders, stirring fear among investors that the crypto market bull run might have already concluded as the market continues to experience deeper price corrections.
A few hours after Grayscale’s crypto dumps, Bitcoin, Ethereum, and Solana have shown modest price decreases of 2.13%, 1.70%, and 0.13%, respectively, according to data from CoinMarketCap. The data further shows Bitcoin trading at $112,607, Ethereum at $4,117, and Solana at $203 as of writing time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ENSO Jumps 549.36% Within 24 Hours Despite Significant Drops Over the Past Week and Month
- ENSO surged 549.36% in 24 hours to $2.434 but fell 2181.93% over 7 days and 1 month. - Analysts attribute volatility to speculative trading and lack of fundamental demand drivers. - Historical data shows 5%+ one-day gains for ENSO rarely predict sustained strength, with 45% max win rate. - Price reversion dominates post-surge, underscoring risks of relying on short-term spikes for investment decisions.
ENSO Surges 497.85% Within 24 Hours During Brief Market Fluctuations
- ENSO surged 497.85% in 24 hours on Oct 15, 2025, but fell 2220.1% over 7/30/365 days. - The spike likely stemmed from speculative trading/arbitrage, with no macroeconomic/regulatory triggers identified. - Analysts view the rally as a temporary correction in a deteriorating asset profile, not long-term value. - ENSO's extreme volatility and inconsistent technical indicators highlight unpredictable price behavior.
Dogecoin News Update: Thumzup Leverages Dogecoin’s Fast Transactions and Affordable Fees for Global Creator Payments
- Thumzup (TZUP) plans to integrate Dogecoin (DOGE) as a rewards option for its app users, leveraging low fees and fast cross-border payments. - The move aims to diversify monetization for creators while reducing reliance on traditional banking systems, complementing existing cash rewards. - The company already holds 7.5M DOGE tokens and invests in Dogecoin mining, aligning with broader blockchain adoption trends in remittance markets. - Implementation depends on technical validation and regulatory complia
Yesterday, US spot Bitcoin ETFs saw a net outflow of $104.12 million.
