Coinbase co-founder Fred Ehrsam has sold over $13 million worth of COIN stock

ChainCatcher news, according to Cointelegraph, public trading data shows that Coinbase co-founder Fred Ehrsam and ARK Invest have sold over $14 million worth of Coinbase stock (COIN) in the past 48 hours.

Insider Tracker data indicates that Coinbase co-founder Fred Ehrsam reduced his holdings by 97,836 shares of COIN stock on December 11, valued at over $13 million. Additionally, other insiders at Coinbase have sold a significant amount of COIN stock in the past three weeks.