After sitting completely silent for months, two wallets tied to #PanteraCapital suddenly stirred. No warning at all.

So we got the news that , 11 hours ago, they deposited 5,264 $ETH onto Coinbase, worth around $15.37 million at current market prices, with the average deposit rate $2,919.
What makes it more curious is the timing. These addresses hadn’t touched the chain in nearly three months. The last time they were active, they were widely believed to be selling right near ETH’s local top, around $4,508, if you remember that phase. Before that though, rewind to April, and the same wallets were sending #ETH to exchanges closer to $1,800, when sentiment was… let’s say, much darker.

So yeah, this isn’t their first well-timed move. Whether this deposit turns into another sell or just positioning, hard to say, but when old VC wallets wake up, people notice. Even if they pretend not to.

Wallets, for those who want to track it themselves:

0xbfa50a6fC12d51E26f5C1D2F6528FA839bF21dDD

0x3971f4DEE353fFe488ff19B4ac5650F36CA4b585

Sometimes the chain whispers. Sometimes it clears its throat first.