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Whale withdraws 94,100 SOL worth approximately $8.75 million from Coinbase.
Deep Tide TechFlow News, February 5th, according to on-chain analyst The Data Nerd (@OnchainDataNerd), the whale address “dogeftw_sol” withdrew 94,100 SOL (approximately $8.75 million) from Coinbase exchange 6 hours ago.
The analyst pointed out that based on this address’s past behavior, these funds are usually fully staked to the Drift protocol. Data shows that over the past 5 months, this whale has staked a total of 360,500 SOL (approximately $72.24 million) to the Drift protocol.