Token

Shift

The Sandbox

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/massive-sand-token-shift-to-binance-triggers-market-watchfulness" rel="noopener noreferrer nofollow">Massive SAND Token Shift to Binance Triggers Market Watchfulness</a><br></p>
<p style="text-align: justify">The Sandbox, a gaming-inspired blockchain platform that enables creation and trading of virtual goods, is making headlines as significant amounts of its native <a href="https://en.bitcoinhaber.net/stablecoins-under-scrutiny-sp-globals-asset-quality-and-risk-assessment" rel="noopener noreferrer nofollow">cryptocurrency</a>, SAND, are being moved to exchange Binance. Monitoring firm Spot On Chain has flagged a transfer of nearly 93 million SAND from wallets associated with The Sandbox to Binance, suggesting a potential increase in market activity.</p>
<h2 id="significant-token-movement-detected">Significant Token Movement Detected</h2>
<p style="text-align: justify">Spot On Chain has detected a substantial movement of 92.94 million SAND tokens, approximated to be $41.21 million, from four wallets linked to The Sandbox directly to Binance’s platform. This transfer is part of a larger trend where these wallets have been receiving SAND from The Sandbox’s secure multi-signature wallets over the past six weeks. Reports confirm that these addresses have already transferred 93.14 million SAND to Binance, and sold 1.3 million of those for about $566,000 in USD Coin (USDC) just two days prior to the report.</p>
<h2 id="upcoming-token-unlocks-and-price-dynamics">Upcoming Token Unlocks and Price Dynamics</h2>
<p style="text-align: justify">In the near future, on February 14, 2024, The Sandbox is set to unlock another batch of SAND tokens, amounting to 205.59 million tokens valued at $90.2 million, which could significantly impact the altcoin’s liquidity and valuation. Presently, SAND is valued at $0.4407, which is a slight decline from its recent high of $0.4483, and has seen a market capitalization of around $986.26 million.</p>
<p style="text-align: justify">The price of SAND has shown a downward trajectory, decreasing by approximately 2% over the past week and a steep 26.10% over the last month. This trend points to a bearish phase for the SAND token as the year progresses.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/massive-sand-token-shift-to-binance-triggers-market-watchfulness" rel="noopener noreferrer nofollow">Massive SAND Token Shift to Binance Triggers Market Watchfulness</a></h5>

Massive SAND Token Shift to Binance Triggers Market Watchfulness

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