Transfer from a Giant Corporate Company to Coinbase for Sales in 4 Altcoins! Beware of These Altcoins.

Cryptocurrency investment company Spartan Group made a large amount of sales in 4 altcoins.

Spartan Group took action to sell altcoins on Friday, May 17. According to data transferred by on-chain analysis platform Arkham Intelligente, the company sold $ 5 million worth of Galxe (GAL), Coin98 (C98), 1inch (1INCH), and Metaplex (MPL) through cryptocurrency exchange Coinbase.

After the sales transactions, the corporate whale was left with various altcoins worth $71 million. Spartan Group, which has $500 million under management, attracted attention by selling Chainlink ($LINK ) worth $2.32 million on May 17.

While the sales move of the company, which made millions of dollars in profit from its investments, made investors nervous, the amount of sales made remained small compared to the entire portfolio.