Storj Sees Bullish Momentum Amidst Onchain Activity, Makes Notable Gains
In the realm of decentralized cloud storage platforms, Storj (STORJ) has been making notable strides, experiencing a bullish trend over the past 30 days with gains reaching up to 27%. However, recent onchain activity suggests a potential price decline following reports of increased selling by the project's development team. According to on-chain data from Spotonchain, the Storj developers executed a transfer of 2.5 million STORJ tokens to the Binance exchange just a few hours ago. This transaction amounted to approximately $1.88 million, conducted at a price of $0.753 per token. https://twitter.com/spotonchain/status/1759753843246792930?t=4s8JZQFXddGbEeHYD8cEWg&s=19 The recent move by the Storj team aligns with their previous actions, as they have deposited a total of 33.4 million STORJ tokens to Binance at an average price of $0.806, totaling $26.93 million. Interestingly, most of these deposits occurred prior to anticipated price drops, indicating a strategic approach […]