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A $6.3 billion hack at Binance may temporarily delay altcoin sales by cryptocurrency project teams, venture capital firms and related wallets, according to ZeroHedge.
ZeroHedge said project teams, VCs, insiders and affiliated wallets could become more cautious about selling their token holdings to avoid adding further selling pressure to the market. With uncertainty rising across the market after the hack, concerns that large-scale token sales could deepen the shock may affect the timing of those sales, it added.