According to the data obtained, senior employees of Coinbase, the largest cryptocurrency exchange in the USA, started selling COIN shares worth millions of dollars.
Reported by Insider Tracker to data according to From the Coinbase management team some names are approximate He has been selling COIN for 1 week. According to the data, one of the first sales 21 December A member of the management team in Ehrsam Frederick ErnestIt came from. Frederick Ernest on December 21 97,836 COINs worth $15 million sold.
If the next sale is Rajaram Gokul It came from a manager named. Gokul, 26 December day 190 thousand dollars worth 1,145 COINS made the sale. The subsequent sale is 27 December took place on and again Ehrsam Frederick Ernest It was done by. Ernest on his second move $7.6 million worth 43,675 COINS sold.
Immediately after that, he rolled up his sleeves to sell. Coinbase Human Resources Officer Brock Lawrence J, He attracted attention by making a much larger sale than the other management team on December 27. Lawrence, $18 million worth 104,767 COINs sold.
These sales from within the company were interpreted as the management team knowing something and acting accordingly.
Coinbase shares have gained significantly in value since the beginning of this year. According to TradingView data, COIN listed on NASDAQ has been 400% by appreciating 36 dollars from level for $186 reached. Recent sales by company officials did not have a significant negative impact on COIN. COIN in the last 24 hours 5.5% gained value and is currently from $185 is being traded.