#Transfer 100,000 SOL to Coinbase.#
Hot Topic Overview
Overview
Recently, approximately 107,000 SOL (worth about $29.05 million) was transferred from an unknown wallet to the Coinbase exchange. At the same time, 24.969 million USDC (worth about $24.993 million) was transferred from Coinbase Institutional to Coinbase. These fund movements have raised market attention, but the source and purpose of the funds are currently unknown.
Ace Hot Topic Analysis
Analysis
Recently, on-chain data tracking service WhaleAlert monitored a massive SOL transfer, approximately 107,000 SOL (worth about $29.05 million) from an unknown wallet to Coinbase exchange. This transaction occurred around 3:45 AM Beijing time, attracting market attention. Meanwhile, WhaleAlert also monitored another transaction, 24,969,297 USDC (worth about $24.99 million) from Coinbase Institutional to Coinbase. The specific reasons for these two transactions are unclear, but the market generally speculates that they may be related to the upcoming SOL staking rewards distribution, or a trading activity that Coinbase is about to carry out. Currently, Coinbase has not released any official statement regarding this matter.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
10.7 million SOL
transferred
from
an
unknown
wallet
to
Coinbase
This
transfer
of
SOL
is
worth
approximately
29.05
million
US
dollars
The
source
of
the
funds
is
unknown
and
may
be
related
to
Coinbase's
trading
activity