Longtime Solana whale suddenly transferred 200,000 SOL worth $40 million to Coinbase Prime, causing a stir in the market.
According to the latest information recorded on October 30, an “ancient whale” wallet on the Solana network has just made a large transaction, transferring 200,000 SOL – equivalent to about 40 million USD – to the Coinbase Prime exchange just within the past 8 hours.
Blockchain analyst Emmett Gallic said that this wallet received 222,000 SOL five years ago from an address labeled “Solana: Non-circulating Supply”, meaning the uncirculated supply of Solana. At that time, the price of SOL was only around $1.68, while now the coin has increased dozens of times, demonstrating the strong resilience of the Solana ecosystem in recent years.
This move immediately attracted the attention of the cryptocurrency community. Many investors believe that this could be a signal that whales are taking profits, especially when the price of SOL has recently recovered strongly after a period of decline. However, some other experts believe that moving to Coinbase Prime does not mean an immediate sale, as many large institutions still use Coinbase Prime to store or manage assets instead of trading directly.
