Simon Kim, head of crypto venture capital firm Hashed, sold 383,000 AXS worth $2.6 million, spreading FUD on the crypto market.
In a transaction processed on Dec. 26, the CEO of crypto venture capital firm Hashed Simon Kim moved 383,000 Axie Infinity (AXS) to his Binance deposit address, only to sell them shortly thereafter.
Twitter account The Data Nerd, dedicated to sharing cryptocurrency on-chain data, spotted the transactions. The tweet also warned that we should likely expect another — possibly much bigger — transaction like this one in under a month:
Source: https://crypto.news/fear-spreads-as-vc-ceo-sells-2-6m-worth-of-axs-to-binance/