Unknown Wallet Moves 470,087 SOL Worth $51M to Coinbase
- —470,087 SOL worth over $51 million moved in a single transfer
- —SOL fell as low as $105 two days ago and trades below $110
- —SOL had reached $123 earlier this month
- —Market participants view the Coinbase transfer as an intent to sell
Why it matters: Rising SOL inflows to exchanges add selling pressure and dim the token's chances of reclaiming recent highs.
Source: U.Today