A certain wallet deposited 3 million RNDR into CEX two hours ago

According to Spot On Chain monitoring, wallet 0x888 (possibly belonging to Multicoin Capital) deposited 3 million RNDR (worth $33.6 million) into Coinbase two hours ago. It's worth noting that these tokens are part of the 58.28 million RNDR released by The Render Network to Multicoin Capital in 2022; subsequently, the VC distributed its RNDR among multiple wallets, which still collectively hold a total of 20.74 million RNDR (worth $233 million).