Whale Withdraws 94,1K SOL from Coinbase, Likely to Continue Staking on Drift Protocol

Odaily News According to on-chain analysis account The Data Nerd, approximately 6 hours ago, a whale address identified as dogeftw_sol withdrew 94,100 SOL (worth approximately $8.75 million) from Coinbase. Historical behavior indicates that this address typically stakes all withdrawn SOL on Drift Protocol. Over the past 5 months, this address has cumulatively staked around 360,500 SOL, valued at approximately $72.24 million.