Hashed deposits $5.79M worth of SAND into Binance

According to on-chain tracker Onchain Lens on X, a wallet address linked to Korean blockchain investment firm Hashed deposited 18.45 million SAND ($5.79 million) into Binance Exchange about an hour ago. Over the past 15 days, the same address has transferred a total of 36.9 million SAND ($12.13 million) to the exchange. While such deposits often suggest a potential intent to sell, they do not necessarily lead to immediate liquidation.