CandleFocus VC Firm Nets $10.9M Profit on SNX Token, Moves to Cash Out on Coinbase
2024-12-05
Author: Content Editor
Framework Ventures, a crypto venture firm, has deposited 6.5 million SNX tokens ($19.6 million) into Coinbase Prime, potentially indicating a profit-taking decision. This follows a previous withdrawal of 6 million SNX tokens ($7.2 million) four months ago, suggesting Framework Ventures bought the tokens during a market dip and is now capitalizing on a 152% profit. The market value of SNX has risen by 136% in the past 30 days. Framework Ventures currently holds 17.9 million SNX tokens valued at $54 million. Another prominent investor has deposited 356.2 billion PEPE tokens ($7.3 million) into Kraken, securing a significant profit.
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