3% of the native crypto of The Sandbox (SAND) has been transferred to Binance
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In a single day, 80 million of the native crypto SAND (The Sandbox) was transferred to Binance, worth $57.5 million. A truly significant amount, transferred from 3 different addresses, the figure represents 3% of the total token supply. These movements could prove to be a positive sign for the cryptocurrency. Indeed, the large transfer has not seen significant volatility demonstrating high liquidity in the market. While the transfer has worried SAND users, the movements toward Binance point to significant investor interest and a consequent increase in demand. In the article we will go over the project and its native crypto
The Sandbox (SAND) price appears on the verge of reclaiming the $0.40 territory barely 24 hours after an abrupt shift in market momentum triggered a reversal to $0.36. On-chain data trends and dramatic movements in the derivative markets provide insights into SAND’s likely next price action. SAND price rebounded 8%…