According to data from blockchain analysis platforms, the Sign project transferred 150 million SIGN tokens, corresponding to 11% of the circulating supply, to Binance, one of the world's largest cryptocurrency exchanges.
Sign Transfers 150 Million Tokens to Binance, Equaling 11% of Circulating Tokens
The transfer was interpreted by investors and market observers as potential selling pressure. Concerns about price volatility following such a large-scale transfer have drawn attention within the community.
While the reason for the transfer has not yet been officially announced, some analysts believe it may be for liquidity provision, preparation for a stock market listing, or for project-internal fund management.
There has been no official statement from the Sign team or Binance yet on the matter. Token holders expect the project to inform the public in accordance with its transparency principles.
In crypto markets, such large transfers can often intensify selling pressure and put downward pressure on the price. Investors continue to monitor the developments closely.
*This is not investment advice.
