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The Sandbox will issue another block of tokens onto the market on February 14th. In addition, 372.5 million SAND tokens will be added to the circulating supply.This is around 12.4% of the overall supply, thus it is a sizable amount. The token unlock is currently worth roughly $250 million at current pricing.The current unlocked circulation supply of SAND is 1.7 billion tokens, or around 56% of the entire 3 billion. As a consequence, its market value is $1.18 billion.The Sandbox vesting plan concludes in February 2025, when the final 3 billion tokens are distributed. This implies there will be four additional unlock events in August, February 2024, August 2024, and February 2025.A total of 1 billion SAND tokens will be released onto the market over the following two years, not counting today&#39;s unlock. This might have a significant influence on pricing.The Sandbox tokenomics, like many other crypto initiatives, is extremely team and investor focused. The team, foundation, and advisors will receive more than 40% of the tokens. Furthermore, more than 20% was spent on seed and strategic sales, and 26% is held in reserve, leaving relatively little for regular investors.According to the on-chain expert, &#34;the past two SAND unlocks were followed by a reduction in the price of SAND.&#34; It looks like history is repeating itself.SAND prices are falling during the Tuesday morning Asian trading session, as predicted. At the time of writing, the token&#39;s price has dropped 3.6% from an intraday high of roughly $0.70 to $0.675.Furthermore, SAND has lost almost 7% in the last week as the market as a whole has declined.SAND prices may fall to support levels around $0.60 as a result of the token unlock. The Metaverse coin is presently down 92% from its high price of $8.40 in November 2021.The Sandbox inked a Metaverse partnership agreement with the Saudi Arabia Digital Government Authority (DGA) earlier this month.

The Sandbox (SAND) Price Slips as $250M Token Unlock Nears

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