Hashed CEO Offloads $10 Million Of Sandbox; SAND Price Dump?
Also Read: Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead? advertisement Sandbox To Face Selling Pressure? Arkham, On-chain data tracker, reported that Simon Kim, CEO of Hashed unstaked $12 million worth of altcoins on May 30, 2023. The executive unstaked 19.02 million Sandbox tokens (Approx worth $10.64 million). He also moved the League of Kingdoms Arena (LOKA) and Coin98 (C98). Data depicts that hashed CEO moved $10.52 million worth of SAND tokens to the world’s largest crypto exchange, Binance. It is important to note that The Sandbox Blockchain raised $2.5 million in an investment round led by Hashed in May 2019. Source: Arkham This move suggests that the Hashed executive is seeking to book a profit and take an exit from the project. It is expected that SAND might face some selling pressure ahead. Recommended Articles Crypto Presal...