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## Coinbase Just Moved $41M in PROVE Tokens – Here's What We Know
Coinbase's hot wallet just made a significant move: 50M PROVE tokens ($41.19M) were distributed to 14 freshly created addresses in the last 12 hours.
Key findings:
- Origin: The tokens trace back to the project's multisig wallet
- Destination: 14 brand new addresses
- Wallet: 0xCD531Ae9EFCCE479654c4926dec5F6209531Ca7b
**What does this mean?** On the surface, it could be routine wallet consolidation or standard CEX ops. But the scale, timing, and structure—new addresses receiving fresh tokens—has the on-chain detective crowd buzzing. Either Coinbase is reshuffling internal wallets for liquidity management, or something bigger is brewing.
The fact that the multisig was involved adds another wrinkle. Worth keeping an eye on the blockchain to see if these tokens hit the market or stay dormant.