Gemini multisig wallet withdrew over $114M in various altcoins, sparking speculation on institutional activity.
High-value altcoin withdrawals from Gemini raise questions on possible internal moves or client requests.
The Gemini multisig custodial wallet, identified by the address 0xc96, has received a lot of attention due to large altcoin withdrawals.
These withdrawals' timing and scale point to either significant internal moves inside Gemini's platform or high withdrawal demands from institutional clients.