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It Had Brought a Drop Before: "The Famous CEO Sells in This Altcoin Again!"

source-logo  en.bitcoinsistemi.com 02 February 2024 15:54, UTC

A large altcoin transfer from the wallet of Simon Kim, CEO of Hashed, a leading cryptocurrency venture fund, to cryptocurrency exchange Binance has caught the attention of the cryptocurrency community.

Hashed CEO Moved a Large Amount of AXS Altcoin to Binance!

According to Spot on Chain's post, Hashed CEO Simon Kim sent Axie Infinity (AXS), a popular metaverse altcoin, to Binance.

The famous CEO had previously transferred AXS to Binnace, and these sales caused a general decrease in the AXS price.

“Hashed CEO Simon Kim deposited 455,831 AXS ($3.23 million worth) to Binance during the day at a price of $7.08.

Simon Kim has collected 2.283 million AXS since 2021. The famous CEO transferred 1.17 million AXS from the AXS he accumulated to Binance at an average of $7.54 (worth $8.81 million).

“He mostly made his transfers to Binance before the price dropped.”

Although the famous CEO's previous transfers brought a decrease in AXS price, this time it was not the same. AXS, which has increased by 1.6% in the last 24 hours, continues to trade at $ 7.03 at the time of writing.

*This is not investment advice.