Animoca Brands, the company behind the popular mobile game The Sandbox, has deposited 10 million SAND ($2.8 million) to Binance, the world's largest cryptocurrency exchange. This follows the previous deposit Animoca Brands made to Binance 12 hours ago, when they sent 20 million SAND ($5.69 million) out of the 41 million SAND ($11.34 million) they unlocked yesterday. The move comes as SAND, the native token of The Sandbox, has seen a recent surge in price. SAND is currently trading at $0.28, up 15% in the past 24 hours. It is unclear why Animoca Brands is depositing such a large amount of SAND to Binance. However, it is possible that the company is preparing to sell the tokens in order to raise capital for future projects.