One street address can be used to sign for deliveries for an entire building, while residents of each unit can go downstairs to collect their own. The numbers the property manager sees don’t tell the whole story. Delivery volume doesn’t show whether there’s one household behind it or a crowd.
On October 31, 1.223 million SOL, worth about $117 million, flowed into Coinbase Prime through the same deposit address two hours before the report. That’s the address blockchain analyst Ember was watching. The same address funneled $117 million through a single outlet, rather than spreading it across thousands of addresses. Reading this inflow as lots of people moving funds to an exchange mistakes the number of addresses for the number of people.
Here’s what’s worth watching: if there really is selling, the outlet is still just one. As long as this SOL keeps flowing in, the selling pressure is concentrated in the same pair of hands. If it later flows out through multiple new addresses, that assessment will have to change. There’s only one street address; the bustle in the property manager’s delivery log is just how it’s recorded.
#OpenAI cuts its funding target by $10 billion
On October 31, 1.223 million SOL, worth about $117 million, flowed into Coinbase Prime through the same deposit address two hours before the report. That’s the address blockchain analyst Ember was watching. The same address funneled $117 million through a single outlet, rather than spreading it across thousands of addresses. Reading this inflow as lots of people moving funds to an exchange mistakes the number of addresses for the number of people.
Here’s what’s worth watching: if there really is selling, the outlet is still just one. As long as this SOL keeps flowing in, the selling pressure is concentrated in the same pair of hands. If it later flows out through multiple new addresses, that assessment will have to change. There’s only one street address; the bustle in the property manager’s delivery log is just how it’s recorded.
#OpenAI cuts its funding target by $10 billion
