Coinbase CEO Brian Armstrong sold $1.8 million worth of the company's stocks in April, according to Dataroma data. This follows his sale of 89,196 Coinbase shares for $5.8 million in March, which sparked concerns among some in the crypto community about the timing of the sales. Armstrong had previously pledged to sell 2% of his stake in the company, and he is not the only Coinbase executive to sell stocks. Coinbase's COIN stock has performed well, rising roughly 92% year-to-date, coinciding with Bitcoin's return to above $30,000 and renewed interest in digital assets among investors.

(By Oluwapelumi Adejumo)