Sandbox Whale Moves $250M of SAND to New Address By DailyCoin
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© Reuters. Sandbox Whale Moves $250M of SAND to New Address
- A crypto whale moved $250 million worth of SAND tokens to a new address.
- Users feared the whale could be preparing for a sell-off.
The Sandbox is one of the top metaverse platforms this year. However, despite its price performance and high-profile partnership announcements, investor sentiments are turning sour for the virtual playground as whales prepare for a swim.
One whale, in particular, could be looking to make a splash after emptying its entire SAND wallet, valued at hundreds of millions of dollars, to a new address.
🐳 A known #TheSandbox whale emptied out its entire 409M $SAND ($250M in total) and moved to a new address today. This was the most coins moved since the asset's first week of existence in August, 2020. Today's $261M moved is the most moved in 7 months. https://t.co/VnAiYbN06Z pic.twitter.com/SOHbUk2OvO
— Santiment (@santimentfeed) March 28, 2023
Orca-strating Something?
On Wednesday, 29th March, a well-known Sandbox whale moved 409 million SAND tokens, worth almost $260 million, to a new address. As per Santiment, these were the most tokens moved since August 13th, 2022, representing 13.7% of the total…
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© Reuters. Sandbox Whale Moves $250M of SAND to New Address
- A crypto whale moved $250 million worth of SAND tokens to a new address.
- Users feared the whale could be preparing for a sell-off.
The Sandbox is one of the top metaverse platforms this year. However, despite its price performance and high-profile partnership announcements, investor sentiments are turning sour for the virtual playground as whales prepare for a swim.
One whale, in particular, could be looking to make a splash after emptying its entire SAND wallet, valued at hundreds of millions of dollars, to a new address.
🐳 A known #TheSandbox whale emptied out its entire 409M $SAND ($250M in total) and moved to a new address today. This was the most coins moved since the asset's first week of existence in August, 2020. Today's $261M moved is the most moved in 7 months. https://t.co/VnAiYbN06Z pic.twitter.com/SOHbUk2OvO
— Santiment (@santimentfeed) March 28, 2023
Orca-strating Something?
On Wednesday, 29th March, a well-known Sandbox whale moved 409 million SAND tokens, worth almost $260 million, to a new address. As per Santiment, these were the most tokens moved since August 13th, 2022, representing 13.7% of the total…
Continue Reading on DailyCoin
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