It is suspected that the Dragonfly address transferred 137 million SKY tokens to Coinbase, a decrease in value of more than half compared to when the tokens were withdrawn.

CoinFeed reported on May 30th that, according to on-chain analyst Yu Jin, an address suspected to belong to Dragonfly transferred 137 million SKY tokens (US$9.05 million) to Coinbase. These SKY tokens were likely withdrawn from Binance approximately 5 years ago (August 2021) (then MKR), and were worth US$20.45 million at the time, representing a loss of more than half.