Deezy founder: Magic Eden suspected of using Coinbase to process small outputs for it

Deezy founder Danny recently posted on the X platform that he found that Magic Eden used Coinbase to process small outputs for it. Each market transaction on Magic Eden includes a small amount of market fees. These outputs are not large, such as 1000 to 2000 satoshis, but integrating these small transactions in the future will be troublesome and require additional costs. It should be noted that Magic Eden did not use its own address to receive these UTXOs, but chose its own Coinbase account address. Therefore, all these small deposits will be credited to Magic Eden's Coinbase account, and Coinbase is responsible for paying the fees for integrating these deposits. However, Coinbase still knows nothing about this. In addition, Mempool founder Mononaut said that in the past 24 blocks, Coinbase Prime has integrated 92,400 small transaction inputs from Magic Eden's address, involving 308 transactions, at a price of about 7 sats/vb. In total, these transactions paid about 0.59 BTC in fees to recover about 1.75 BTC.