Analysis: The receiving address that previously recharged 1.56 million SOL is a Coinbase hot wallet address
ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, compared the address tags of Solscan and SolanaFM. A year ago, the address that received a large transfer was Coinbase Exchange, and this afternoon, the address that received 1.56 million SOL is also a hot wallet address (rather than a deposit address; if it were a personal address, it should have first flowed to the deposit address), which may indicate some issues with Cielo's tagging.ChainCatcher previously reported, according to on-chain data, a certain whale transferred 1.56 million SOL to Coinbase 4 hours ago, amounting to approximately 240 million USD. It is reported that this whale transferred this batch of SOL out of Coinbase between April and May 2023, at an average price of about 22 USDT.