The Sandbox

Millions

<ul class="news-points"> 
 <li><strong>Lookonchain data revealed that whale “0x73b4” sent 28.46 million SAND tokens to Binance and OKX over the past 24 hours.</strong></li> 
 <li><strong>This whale previously sent millions of SAND to exchange in August, which led to a 30% drop in SAND’s price.</strong></li> 
 <li><strong>At press time, SAND was trading hands at $0.3007 after it achieved a 24-hour gain of 1.89%.</strong></li> 
</ul> 
<p>The blockchain tracking platform Lookonchain revealed that a whale transferred millions of The Sandbox (SAND) tokens to exchanges over the past 24 hours. In an X (formerly Twitter) post published earlier today, the platform noted that whale “0x73b4” deposited 28.46 million SAND to Binance and OKX just a few hours ago.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Note that whale"0x73b4" deposited 28.46M <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SAND</a> ($8.57M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/OKX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#OKX</a> 3 hours ago.<br><br>The last time this whale deposited a large amount of <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SAND</a> into exchanges was on Aug 10 (before unlocking), and the price of <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SAND</a> decreased by ~30% after that.<a href="https://t.co/hdmQtOW34R" target="_blank" rel="nofollow">https://t.co/hdmQtOW34R</a> <a href="https://t.co/T0U6hobAxI" target="_blank" rel="nofollow">pic.twitter.com/T0U6hobAxI</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1710460481876746729?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 7, 2023</a>
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<p>At the time the transfer was initiated, the tokens sent to these two exchanges were estimated to be worth $8.57 million. Interestingly, this is not the first large deposit sent t…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/millions-of-sand-tokens-transferred-to-exchanges-selloff-coming/">Millions of SAND Tokens Transferred to Exchanges: Selloff Coming?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Millions of SAND Tokens Transferred to Exchanges: Selloff Coming?

Coin Edition

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