Hashed Deposits 18.45M SAND Coins to Binance

Hashed, a major crypto investment firm, transferred 18.45 million SAND tokens to Binance on May 13, 2025. This transaction, valued at approximately $6.3 million, has increased market activity around SAND significantly.

Hashed’s significant SAND deposit to Binance illustrates its active trading strategy, influencing SAND’s market dynamics and prompting increased trading activity and speculation.

The recent transaction highlights Hashed’s prominent role in SAND’s trading dynamics. They deposited 18.45 million SAND to Binance, which follows a withdrawal in April of over 11 million SAND. This series of strategic actions underscores their market influence.

The deposit caused an 18% rise in SAND’s trading volume, amounting to over $120 million within 24 hours. This spike in activity reflects market speculation, though BTC and ETH remained stable, unaffected by the move.

“If $0.315 holds as support, we could see an upward push toward $0.328–$0.335. However, if buyers lose steam, a dip toward $0.308–$0.300 might offer another entry point before the next leg up.” – Binance Square

Hashed’s trading actions often precede significant market shifts, notably driving activity in SAND. Such behavior can signal price corrections or rallies, depending on market sentiment at the time of the trades.

Analysts observe that Hashed’s timing may indicate profit opportunities or potential price corrections. While no new regulatory issues have arisen, traders are closely watching SAND for further volatility. These movements leave room for analysis on potential financial trends, considering past patterns of price swings and trading volumes.