Is SAND about to change hands? Hashed just transferred 18.45 million SAND to the exchange, intentions are not simple!

According to on-chain tracking, the well-known institution Hashed has just transferred approximately 18.45 million SAND to Binance, with a market value close to 5.79 million USD. This large transfer has undoubtedly attracted market attention—Is it preparing for cashing out, or is there another plan?

Historically, when institutions transfer tokens to exchanges, it usually accompanies two possibilities: one is to take profits, and the other is to participate in liquidity activities or project collaborations. However, for ordinary investors, the biggest warning bell is—major players are moving, and the direction deserves caution.

SAND's current market value has significantly declined from its peak, and Hashed's frequent actions at this time may indicate a weakening of confidence in this phase. If price fluctuations intensify in the short term, it may trigger panic among trend-following traders.

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