Sino Global made substantial investments in tokens that were significantly impacted by the downturn of Sam Bankman-Fried's FTX crypto empire and also collaborated with FTX to raise a fund using external investors' capital.
'Inflation and rate concerns could be what [has been] keeping crypto prices depressed,' said Noelle Acheson
The balance retained in addresses holding coins for a minimum of 155 days has surged by $1.87 billion this month.
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