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A whale has withdrawn 94,100 SOL from Coinbase, and it may continue to stake these tokens on Drift Protocol.
Odaily Planet Daily reports that according to on-chain analysis account The Data Nerd, approximately 6 hours ago, a whale address labeled dogeftw_sol withdrew 94,100 SOL from Coinbase, worth about $8.75 million. Past behavior shows that this address typically stakes all the withdrawn SOL on Drift Protocol. Over the past 5 months, this address has staked approximately 360,500 SOL, valued at about $72.24 million.