Token

The Sandbox

Million

Coin

<ul class="news-points"> 
 <li>About 327 million SAND will be unlocked on August 14, propelling talks of a price dip.</li> 
 <li>If SAND’s volatility remains low, the price may consolidate around $0.39 and $0.41.</li> 
 <li>Open long contracts overrode short positions, indicating a bullish sentiment among traders.</li> 
</ul> 
Oftentimes, the cryptocurrency market experiences moments of anticipation and speculation when large token unlocks are on the horizon. The <a href="https://coinedition.com/tag/sandbox-SAND/" rel="noopener noreferrer nofollow">Sandbox (SAND)</a>, the decentralized blockchain-based gaming platform, is currently facing the risk of a downtrend as a substantial number of tokens are set to be unlocked. 
According to Token Unlocks, 372 million SAND tokens are set to be unlocked on August 14. For context, token unlocks refer to the release of a portion of tokens held by a project which have been subject to restrictions. So, releasing them means they can be traded. 
In the case of The Sandbox, the upcoming unlock of 372 million tokens represent 18.1% of the total supply. Also, 71 million SAND will go to the project team while the foundation gets 37 million. Furthermore, the rest will be shared among consultants, and the project’s reserves. 
In times past, SAND token unlocks have impacted the … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sand-faces-critical-moment-with-372-million-unlock/">SAND Faces Critical Moment with 372 Million Unlock</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

SAND Faces Critical Moment with 372 Million Unlock

Coin Edition

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