Hashed Transfers $12 Million in SAND to Binance as Market Activity Intensifies

• Hashed-linked wallet moved 36.9M SAND to Binance, raising sell-off concerns
• SAND price holds bullish trend despite whale transfers and looming sell pressure
• Derivatives open interest rises 2.28%, signaling rising trader activity and volatility

A wallet linked to Hashed, a prominent Korean blockchain investment firm, recently transferred a large amount of SAND tokens to Binance. According to data from Onchain Lens, the wallet deposited 18.45 million SAND valued at approximately $5.79 million into the exchange in the last hour. This transaction marks a continuation of notable activity, as the same address moved a total of 36.9 million SAND worth around $12.13 million to Binance over the past 15 days. 

Hashed (@hashed_official) deposited 18.45M $SAND ($5.79M) to #Binance.

In the past 15 days, they have deposited 36.9M $SAND worth $12.13M into #Binance.

Address: 0xf1db561ef1452c7e88c24ed438e546d3019e1b06 pic.twitter.com/s3nGLYSrKg

— Onchain Lens (@OnchainLens) May 26, 2025

Price Activity Shows Bullish Momentum Amid Speculative Moves

The current market price of SAND stands at $0.3097, reflecting a daily gain of 3.38%. The 24-hour trading volume has climbed to…

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