During the bull period of 2021, many innovative tokens emerged and took the market by storm. Both meme coins and metaverse tokens influenced the market for certain periods of time. One of them stood out among them all. #Sandbox (SAND) left its mark on the period with the pioneering projects it realized and the partnerships it established. It had its share of the subsequent market retreat and experienced a sharp decline. It will host a major development in the coming minutes.

Sandbox Unlocks

Things did not go well in Sandbox, which left its mark on the bull we passed, after that day, and experienced sharp declines. An important turning point for SAND, which is traded at $0.46 as of today, will occur in the coming minutes.

At the lock opening, which will take place at 11 a.m. Turkish time, an unsatisfactory development will occur for SAND, which is currently seen as trying to recover, and 205 million SAND, that is, 99 million dollars worth of crypto money when calculated with its current value, will be unlocked and put into circulation.

The amount of SAND that will enter circulation represents 9% of the circulating supply, which could have serious effects on the price. Such developments can create an atmosphere of despair in the project where investors expect a rise.

On the other hand, it would be useful to remind that this is not the last unlock for SAND. More than 600 million sands continue to be kept under lock and key before the opening that will take place today.

Sandbox's History and Current Status

While the market's eyes are looking for the bull of 2021, investors' minds still seem to be on some projects. Looking back, SAND, which started its rise from 0.6 dollars in October 2021 and rose to 8.44 dollars at the end of 1 month, made its investors very happy at that time.

For #SAND , which later hosted sharp declines, the bottom levels came one after another, so to speak. Although the price dropped to $0.28 for a while, it is trading at $0.468 as of writing time.

CYBER Lock Opening Completed

On the other hand, another lock opening took place in the past hours. In the CYBER project, tokens worth 7 million dollars, representing 6% of the circulation, were unlocked. Contrary to expectations, this did not have a negative impact on the price.

As of press time, CYBER is trading at $8, up nearly 3%. At the same time, post-opening 24-hour trading volume jumped an incredible 200% and exceeded $68 million.

The fact that prices did not fall despite the opening on the CYBER side may have encouraged SAND investors, but there is no guarantee that this situation will occur in the same way.