The Network Sandbox will unlock 372.6 million won SAND tokens — representing twelve.419% of the circulating provide — on Feb.
The information comes amid a thirty% maximize in costs due to the announcement of a “mysterious partnership” with Saudi Arabia.
The money inflow to the exchange exceeds the money outflow
According to Glassnode information, a important volume of SAND tokens – all over 82 million – have been moved to different exchanges following the two announcements.
![Sandbox Net Transfer Volume from/to exchanges [SAND] - All exchanges (Source: Glassnode)](https://coinlive.me/wp-content/uploads/2023/02/Sandboxes-SAND-Soar-Before-Unlocked-Tokens.png "Sandboxes (SAND) soar ahead of 10 . unlock token")
The Sandbox rate at present sits at $.90301, down 89.five% from the all-time substantial in November 2021. However, in the previous thirty days, its token rate has greater by additional than 70%, with a complete capital Its market place capitalization stands at around $one.35 billion and the complete circulating provide is one.five billion SAND.
![View deals The Sandbox [SAND] (Source: TradingView)](https://coinlive.me/wp-content/uploads/2023/02/1675862360_23_Sandboxes-SAND-Soar-Before-Unlocked-Tokens.png "Sandboxes (SAND) soar ahead of 11 . unlock token")
The Market Value to Actual Value (MVRV) ratio is a measure that demonstrates the distinction among an asset’s present market place worth and its real worth. This ratio aids traders decide if they can make a revenue by marketing the asset at the present market place rate.
According to the chart published by Santiment, the MVRV for SAND demonstrates that sellers can make a revenue appropriate now. MVRV for the previous 365 days is 48.60%, though MVRV for the previous thirty days is twelve.03%.
The publish The Sandbox (SAND) spiked prior to the unlock token appeared very first on CryptoSlate.
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