As the altcoin market grows, the Storj team has deposited 5 million Storj tokens valued at approximately 3 million USD through Binance. This deposit came shortly after a 24% price increase, highlighting strategic timing.
Storj Team's Strategic Move
This move is part of a broader strategy by the Storj team, which made a similar action seven months ago. At that time, they deposited 37.9 million Storj tokens on Binance at an average price of $0.809, amounting to 30.6 million USD. This recurring pattern suggests the team is closely monitoring market trends and seizing the right opportunities for their deposits.
Impact on the Market and Investors
The deposit of Storj tokens on Binance boosts liquidity, allowing investors to trade in larger volumes. The deposit following a significant price increase could be part of the team’s broader plan to leverage the current market conditions and prepare for future moves.
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