The Storj team deposited 2 million STORJ to Binance about 3 hours ago

Spot On Chain monitoring shows that the Storj team deposited 2 million STORJ tokens (worth approximately $1.42 million USD) into Binance about 3 hours before the price dropped by about 6%. Overall, since November 9, 2023, whenever the price rises, the Storj team will deposit an average of 28.9 million STORJ tokens into Binance at a price of approximately $0.821 per token. However, after the team deposits tokens, the price of STORJ usually drops.