Whale Withdraws $9.74M in Solana From Coinbase Amid Accumulation Trend

A whale address has withdrawn $9.74 million in Solana (SOL) from Coinbase, according to blockchain tracking platform Lookonchain.

This large movement of tokens from a centralized exchange to a private wallet suggests long-term holding intent and may be a bullish signal for the market.

The whale address has a history of profitable trading, with two successful SOL swing trades netting a total profit of approximately $4.95 million over the past three years.

This accumulation trend is consistent across various cryptocurrencies in recent months, reflecting investor confidence and growing interest in self-custody.