Token

The Sandbox

/send

Spot

<ul class="news-points"> 
 <li><strong>The Sandbox changed $1.3 million SAND to USDC, with more sales expected.</strong></li> 
 <li><strong>SAND’s price fell to $0.442 but another decline to below 0.40 could be possible.</strong></li> 
 <li><strong>The MACD and RSI reflected bearish momentum, indicating a likely slide to $0.36.</strong></li> 
</ul> 
<p>According to Spot On Chain, four wallets linked to <a href="https://coinedition.com/sand-potentially-reaching-bottom-analyst-hint-at-future-upswing/" target="_blank" rel="noreferrer noopener">The Sandbox (SAND)</a> team have deposited $41.21 million worth of the token to <a href="https://coinedition.com/binance-exchange-review/">Binance</a>. The on-chain tracking platform, in its post, noted that the tokens came from the project’s multi-sig wallet.</p> 
<p>Out of the tokens sent, $1.3 million SAND has been exchanged for USDC, Coin Edition confirmed. Meanwhile, The Sandbox has scheduled February 14 as the day to unlock more SAND tokens into circulation. At press time price the 205.59 million tokens were worth $90.2 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Four wallets linked to <a href="https://twitter.com/TheSandboxGame?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@TheSandboxGame</a> deposited 92.94M <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SAND</a> ($41.21M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> ~8hrs ago.<br><br>These wallets received those tokens from the Sandbox’s multi-signs in the past 1.5 months as a part of unlock.<br><br>So far, they have deposited 93.14M <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SAND</a> ($41.3M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> and sold… <a href="https://t.co/I5tVBlk5Zl" target="_blank" rel="nofollow">pic.twitter.com/I5tVBlk5Zl</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1753609135579627734?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-sand-to-face-more-selling-pressure">SAND to Face More Selling Pressure</h2> 
<p>With the upcoming unl…</p>
<p>The post <a href="https://coinedition.com/will-the-sandbox-sand-token-unlock-send-the-price-down/">Will The Sandbox (SAND) Token Unlock Send the Price Down?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Will The Sandbox (SAND) Token Unlock Send the Price Down?

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