According to BlockBeats, on August 20, monitoring by @ai_9684xtpa revealed that Sandbox's multi-signature address transferred a total of 52 million SAND tokens to two different addresses. The transferred tokens are valued at $13.48 million, and the purpose of this transfer remains unknown.
Based on previous records of transfers from the multi-signature address, it is anticipated that the receiving addresses will deposit a portion of the tokens into centralized exchanges (CEX) while distributing the remaining tokens to various wallets. The exact allocation and usage of these tokens have not been disclosed, leaving the community speculating about the potential implications of this significant transfer.
