6.5 million SNX dumped into Coinbase, what is Framework really up to?
Just now, on-chain monitoring captured a heavyweight move: the early investment firm in Synthetic, Framework Ventures, deposited 6.5 million SNX into Coinbase, worth approximately $19.5 million! As the largest institutional holder of SNX, Framework holds up to 7.1% of the total supply, and after this deposit, still boasts a reserve of SNX worth $51.19 million.
The question arises, what signal does this operation release? Is it a simple profit-taking, or has it sensed market volatility in advance? Framework's actions are by no means coincidental; after all, as a significant shareholder in Synthetic, their movements often influence market sentiment.
The market may soon face severe fluctuations, whether the SNX price trend will be under pressure still depends on the final destination of these funds. Smart money is on the move, and the market will surely react! If you want to seize this opportunity, don't blink, keep up with Uncle Money!
