To sell or not to sell? 🤔While ARK Invest continues to hold COIN shares, some senior Coinbase execs have been selling.
Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently.
Coinbase stock has added more than 50% to its value since the U.S. Securities and Exchange Commission According to data from TradingView, Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly 50%.Amid significant growth, some major COIN holders have continued selling some of their Coinbase stock., sold a combined total of 88,058 COIN stocks, worth about $6.9 million.
While Coinbase executives have been selling their COIN batch on a regular basis, some major COIN holders have continued to hodl.
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