A total of 1.223 million SOL, worth about $117 million, was deposited from the same anonymous address to Coinbase Prime on Oct. 31, according to on-chain analyst EmberCN (@EmberCN). The transfer occurred about two hours before EmberCN reported it and was made through a single deposit address. Exchange deposits are typically viewed as a potential sign of an intention to sell, although the transaction’s purpose and the entity behind it were not identified. Solana was trading at $95.44 at 5 p.m., down 1.74% from a day earlier, according to CoinMarketCap. The transaction was reported by Odaily Planet Daily.