An entity transferred approximately 1.223 million SOL to Coinbase Prime, valued at around $117 million.

BlockBeats news, October 31 - According to EmberCN monitoring, approximately 1.223 million SOL (worth about $117 million) was transferred to Coinbase Prime via the same deposit address two hours ago, with the SOL price at around $95.55 at the time of transfer.

It is currently unclear who initiated the transfer and for what specific purpose, and it cannot yet be confirmed whether the related SOL will be sold.