📉 The Sandbox Metaverse (SAND) has unlocked 332 million SAND tokens (roughly 16% of the current circulating supply), worth approximately $133 million. Unlocking tokens typically has a negative impact on cryptocurrency prices as it introduces liquidity into the market.
- On August 14, the planned unlocking of more than 300 million tokens took place
- The price of the SAND token decreases for 30 days before unlocking
- The next batch of SAND tokens is scheduled for February 14, 2024.
Meanwhile, The Sandbox continues to attract players to the metaverse, including through a partnership with the British Museum.