A wallet deposited 3 million RNDR to Coinbase 2 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 2 hours ago. It is worth noting that these tokens are part of the 58.28 million RNDR released by The Render Network to Multicoin Capital in 2022; VC then allocated its RNDR to multiple wallets, which still hold a total of 20.74 million RNDR ($233 million).