According to on-chain analyst Ember, a Dragonfly-linked address sent 137 million SKY worth $9.05 million to Coinbase, with the position valued at $20.45 million when it was likely withdrawn from Binance in August 2021.
A Dragonfly-linked wallet moved 137 million SKY tokens worth $9.05 million to Coinbase, according to on-chain analyst Ember. Ember said the tokens were likely withdrawn from Binance about five years ago in August 2021, when they were still MKR and were valued at $20.45 million. Based on those figures, the position is down by more than half. The source does not state the purpose of the transfer or whether the tokens were moved for sale, custody, or internal management.