Massive Transfer of $SAND Tokens Raises Concerns over Market Dynamics

Massive Transfer of $SAND Tokens Raises Concerns over Market Dynamics

The Sandbox faces market pressure as a significant token transfer and unlocking event raise concerns about $SAND cryptocurrency’s dynamics. Key Points On August 4, 2023, Lookonchain, a Twitter account known for tracking on-chain cryptocurrency data, made an alarming announcement regarding a substantial transfer involving The Sandbox’s ($SAND) tokens. The tweet stated, “We noticed that 127M $SAND ($51.32M) was transferred from …

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