#107,000 SOL flowed to Coinbase.#

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Hot Topic Overview

Overview

Recently, approximately 107,000 SOL (worth around $29.05 million) were transferred from an unknown wallet to the Coinbase exchange. This event has drawn market attention due to its large size and unclear source. Meanwhile, Coinbase Institutional has also transferred 24.96 million USDC (worth about $24.99 million) to the Coinbase exchange. These capital flows may foreshadow new changes in the market, and investors need to closely monitor subsequent developments.

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Analysis

According to on-chain data tracking service WhaleAlert, approximately 107,000 SOL (valued at about $29.05 million) were recently transferred from an unknown wallet to Coinbase. This transaction took place around 3:45 AM Beijing time, and the specific source remains unclear. Additionally, Coinbase Institutional transferred 24,969,297 USDC (valued at about $24.99 million) to Coinbase. The specific reason for this SOL transfer is currently unknown, but it may be related to exchange operations or user trading activity.

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10.7 million SOL transferred from an unknown wallet to Coinbase

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This transfer of SOL is worth approximately $29,050,713

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The transfer occurred around 3:45 Beijing time

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The source wallet is unknown

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