Anonymous institution withdraws 2.1 million Solana (SOL) from Coinbase… amounting to about $400 million
JH Kim
Summary
- An anonymous institutional investor appears to have withdrawn approximately 2.1 million Solana (SOL) from Coinbase.
- Analyst Emmett Gallic said the withdrawal amounted to approximately $400 million.
- Large withdrawals are typically interpreted as long-term holding or institutional buying signals.
An anonymous institutional investor appears to have withdrawn approximately 2.1 million Solana (SOL) from Coinbase (Coinbase). Large withdrawals are typically interpreted as signals of long-term holding or institutional buying.
On the 21st (local time), virtual asset (cryptocurrency) analyst Emmett Gallic said on his X (formerly Twitter), "An institution withdrew 2.1 million Solana from Coinbase over 4 hours." The amount is approximately $400 million.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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