Over $51 million of SOL transferred back to Coinbase? Who is selling it?
2026-10-10 22:05:55
CoinMeta data: In recent days, the overall momentum in the crypto market has turned extremely bearish, and Solana has also experienced a decline. According to Whale Alert data, an unknown address transferred a total of 470,087 SOL to the leading US crypto exchange Coinbase, worth over $51 million. Although the intention behind the transfer was not explicitly stated, market participants generally believe it was for sale, as tokens are usually transferred to trading platforms for sale. The timing of this transfer has drawn the attention of market analysts, with many speculating that traders may have chosen to exit due to market volatility. Although the price of Solana soared to around $123 at the beginning of this month, after a sharp decline, the current price remains below $110, and market sentiment is becoming cautious.
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Source:U.Today
This content is for market information only and does not constitute investment advice.