Whale moves 470,087 SOL worth $51 million to Coinbase as Solana falls below $110

Solana has faced intensified selling pressure in recent days as the broader crypto market turned sharply bearish, causing the digital asset’s momentum to weaken. The trend has also heightened volatility and spurred notable transactions on major exchanges. Onchain data from Whale Alert flagged a significant movement involving Solana. An unidentified address transferred 470,087 SOL, valued at over $51 million at prevailing prices, directly to Coinbase, the US-based cryptocurrency trading platform. This transfer was executed in a single transaction, drawing significant interest from market watchers due to both its size and timing.

Source: CoinTurk News