Whale moves $9.74M in Solana from Coinbase
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- An anonymous wallet withdrew 95,928 Solana from Coinbase, worth about US$9.74 million.
- Lookonchain linked the wallet to about US$4.95 million in profits from two earlier SOL trades.
- The transfer may signal longer-term holding, but its exact purpose remains unknown.
An anonymous wallet withdrew 95,928 Solana (CRYPTO:SOL) from Coinbase, worth about US$9.74 million.
Lookonchain identified the wallet and said it had made about US$4.95 million from two SOL trades.
The wallet bought near local lows and sold near local highs in both reported trades.
Moving SOL away from an exchange can reduce the amount immediately available for trading, but it does not prove accumulation.
The wallet could also have moved the tokens for staking, decentralised finance or security reasons.
The wallet’s owner remains unknown, with Lookonchain identifying only its address.
The transfer is therefore one on-chain data point, rather than confirmed evidence of a market direction.
At the time of reporting, Solana price was $101.13.
