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A certain institution's wallet suddenly transferred 440,000 SOL, worth over 55 million dollars.
[Coin World] Just now, on-chain monitoring captured a significant movement - a hosted wallet from a compliance institution platform transferred nearly 440,000 SOL, which is approximately 55.95 million dollars at the current price.
Transfers of this magnitude are usually not just for play; they may involve institutions rebalancing their portfolios or large clients withdrawing coins. The specific wallet address for the destination has not yet been marked for identity, but if there are more related transactions in the future, it may reveal some insights.
The price of SOL has been quite volatile recently, and it's intriguing that institutions are moving so many coins at this timing.