Fidelity Wallet Transfers 260,000 Ethereum Worth Nearly $500 Million

On July 31, a Fidelity-related wallet address transferred 260,000 Ethereum, totaling approximately $499.55 million, distributed across three addresses. The first address received 95,000 Ethereum, valued at about $182.53 million; the second address received 87,000 Ethereum, worth approximately $167.23 million; and the third address received 78,000 Ethereum, valued at around $149.79 million. This large transfer has drawn market attention, as Fidelity is one of the issuers of Ethereum spot ETFs, and the intent behind its fund allocation remains unclear, raising significant interest in its future strategies.

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