A cluster of massive Solana whale wallets has transferred over $60 million worth of $SOL to the Nasdaq-listed cryptocurrency exchange Coinbase in a series of transactions that suggests the funds were moved by a single entity.
According to data from whale monitoring service Whale Alert, a series of transactions worth between $12 million and $12.5 million of Solana were made to the US-based cryptocurrency trading platform within minutes of each other.
Whale Alert flagged these transactions, which showed between 599,999 and 554,000 SOL moving to wallets controlled by the cryptocurrency Exchange. All of the transactions, which totaled 2,954,427 SOL and amounted to nearly $70 million, were completed in less than two minutes, suggesting the possibility of a single entity behind them.
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