On-chain analyst EmberCN reported that an address presumed to belong to crypto investment firm Dragonfly Capital deposited 137 million SKY, worth approximately $9.05 million, to Coinbase about 10 minutes ago. It was found that the SKY held by this address was withdrawn from Binance five years ago. At that time, it was MKR tokens before MakerDAO's rebranding, valued at approximately $20.45 million. Typically, deposits to exchanges are presumed to be for selling purposes.
