Based on BitcoinWorld, a massive transfer of 1,730,090 Solana (SOL) tokens, valued at approximately $239 million, was reported by Whale Alert, moving from an unknown wallet to Coinbase Institutional. The transaction has drawn attention to potential institutional strategies, including accumulation, staking, or portfolio rebalancing. Analysts suggest the move could influence Solana’s price action and reflect continued institutional confidence in the network despite market volatility.
Massive $239M SOL Transfer to Coinbase Institutional Sparks Market Attention
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