Data: A whale withdrew 94,100 SOL from Coinbase, approximately 8.75 million dollars

According to on-chain analyst The Data Nerd (@OnchainDataNerd), the whale address "dogeftw_sol" withdrew 94,100 SOL (approximately $8.75 million) from Coinbase exchange 6 hours ago.

The analyst pointed out that based on the past operating patterns of this address, these funds are typically staked entirely to the Drift protocol. Data shows that over the past 5 months, this whale has staked a total of 360,500 SOL (approximately $7.224 million) to the Drift protocol.