Binance Labs, alongside a former Coinbase engineer, are engaging in major cryptocurrency transactions, sparking considerable market movements.

These activities have notably led to a decrease in the value of the GMT (CRYPTO:GMT) and UNI (CRYPTO:UNI) tokens, reflecting the influence significant players have on digital asset prices.

The dynamics of such sales emphasise the interconnectedness of action and reaction within the cryptocurrency markets, and how decisions by key entities can impact overall market stability and investor sentiment.