A substantial transfer of 312,233 Solana (SOL), valued at over $75 million, has been made to Coinbase Institutional, drawing significant attention from the crypto community. The transaction, highlighted by Whale Alert and confirmed by Arkham, involved moving funds from a Coinbase Prime deposit to a Coinbase Prime hot wallet, suggesting institutional involvement. This development comes amid a notable rise in Solana's price throughout September, with market participants closely watching for potential impacts on market dynamics. The exact purpose of the transfer remains unclear, leaving room for speculation on whether it is intended for distribution or internal liquidity management.
$75M Solana Transfer to Coinbase Institutional Raises Market Speculation
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