4 Coinbase Execs. Have Dumped $1.2B Worth of COIN Since its Public Listing

The four Coinbase executives that sold their COIN shares were 'Co-founders Brian Armstrong and Fred Ehrsam, as well as President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee,' according to the Wall Street Journal.

They also sold their Coinbase shares at prices ranging from $189 to $422 per coin.

It is ‘Expected’ for Founders to Sell After an IPO or Public Offering

From the time the firm went public in April 2021 until February of this year, four top Coinbase executives made about $1.2 billion in profits by selling their COIN holdings.

The four Coinbase executives that sold their COIN shares were 'Co-founders Brian Armstrong and Fred Ehrsam, as well as President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee,' according to the Wall Street Journal.

They also sold their Coinbase shares at prices ranging from $189 to $422 per coin.

COIN Has Lost 80% of its Value Since Listing

It's worth noting that Coinbase (COIN) began trading in April of last year at around $381. COIN is currently trading at $73, representing an 80% drop in value since its initial public offering.