CryptossorCryptossor
  • Home
  • News
    • Global
    • Bitcoin
    • DeFi
    • Cryptocurrency
    • Economy
  • Technology
  • Contact
Facebook Twitter Instagram
Subscribe
CryptossorCryptossor
Twitter
  • Home
  • News
    1. Global
    2. Bitcoin
    3. DeFi
    4. Cryptocurrency
    5. Economy
    6. View All

    Filmography[edit]

    Mart 21, 2023

    Binance Delivers The Good News For These 2 Altcoin Investors!

    Ocak 11, 2023

    They Deleted The Tweet And This Metaverse Coin Is Crashed!

    Ocak 11, 2023

    Robinhood Delists This Altcoin: Price Crashed!

    Ocak 11, 2023

    Bitcoin Billionaire: This Platform Could Crash! But Like FTX..

    Ocak 11, 2023

    Tomorrow is Critical Day for Bitcoin: 5 Analysts Are Waiting For These!

    Ocak 11, 2023

    2 Important Charts Say ‘Buy’ This Cryptocurrency!

    Ocak 11, 2023

    Major Cryptocurrency Exchange Announces: Terminating!

    Ocak 11, 2023

    Defrost Finance Team Calls Rug Pull Claims Slander

    Aralık 30, 2022

    Arab Bank Switzerland Presents 10 DeFi Tokens to Customers

    Ocak 7, 2022

    Celsius Network Confirms They Lost Money In BadgerDAO DeFi Attack

    Aralık 3, 2021

    SEC Chairman Gary Gensler Speaks About DeFi

    Aralık 1, 2021

    Bitcoin Price Predictions for 2023 from the Professionals

    Ocak 11, 2023

    Why Is Bitcoin Price Rising? Will the Ascension Continue?

    Ocak 11, 2023

    Iceberg Capital Launches $1 Billion Fund with Venom Foundation

    Ocak 11, 2023

    What is Flare (FLR)? Flare Token Price and Comment

    Ocak 11, 2023

    The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

    Ocak 11, 2023

    Mortgage applications increase in the USA, interest rates decrease

    Ocak 11, 2023

    The expectation for the future of the economy is getting worse: The rate of those who have negative expectations about the economy has increased from 50 percent to 71 percent.

    Ocak 11, 2023

    Economists hope lifting of China’s COVID bans will boost 2023 growth better than expected

    Ocak 11, 2023

    Filmography[edit]

    Mart 21, 2023

    The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

    Ocak 11, 2023

    Binance Delivers The Good News For These 2 Altcoin Investors!

    Ocak 11, 2023

    Bitcoin Price Predictions for 2023 from the Professionals

    Ocak 11, 2023
  • Technology
  • Contact
CryptossorCryptossor
Home»Altcoin»Historic Locks Unlocked: These 4 Altcoins Could See a Big Drop!
Altcoin

Historic Locks Unlocked: These 4 Altcoins Could See a Big Drop!

cryptossorBy cryptossorOcak 11, 2023Yorum yapılmamış3 Mins Read
Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
Share
Facebook Twitter Pinterest Reddit WhatsApp Email

This altcoin is expected to drop by 20% or more after the next unlock, which will distribute another fifth.

This altcoin is distributing

The 30th anniversary launch of the virtual world Sandbox on February 14, 2023 will give seed and strategic investors 348 million SAND tokens ($179 million). According to the project’s tokenomic data, according to the 12-month gap, seed investors will receive just over 17% of the total SAND supply by 14 August 22 2023, while other strategic sell investors will receive 4% by the same date.

The price of SAND is likely to drop by 20% or more after the next unlock, which will distribute another fifth of all SAND tokens owned by investors and seed sale participants.

SAND unlocking

The unlock, scheduled for 08:00 UTC, will release roughly 12% of the 3,000,000,000 SAND supply. As we mentioned at Kriptokoin.com, the metaverse token is currently trading at around 50 cents, down almost 94% from its all-time high of $8.40.

Crypto investors can take advantage of a potential buying opportunity right after the token unlocks, where the price is expected to drop to around 40 cents. According to CoinMarketCap, trading volumes have increased by nearly two-thirds after the last unlock on August 14, 2022, to over $540 million. Data from TradingView at the time showed that most of the volume was due to a significant sale.

Additionally, the recent token unlock ignited a downtrend that caused SAND to lose almost 60% of its value by January 10, 2023. However, over the past seven days the token has risen nearly 25% from 41 cents to 50 cents, sparking hopes for a relief rally in the days leading up to the middle unlock.

What is SAND?

SAND functions as a medium of exchange in The Sandbox. Sandbox is a game-oriented virtual environment that allows users to exchange digital creations on the NFT market. SAND holders can also take part in decisions regarding the future of The Sandbox decentralized autonomous organization (DAO), buy assets and land in The Sandbox, or trade their SAND on the open market. The SAND DAO treasury holds roughly 26% of the token supply.

Those altcoin holders looking to generate returns can lock their tokens into a staking smart contract to earn GEMs. They can use GEMs to identify the rarity of any user assets they upload to the market. DBS Bank in Singapore recently purchased land in The Sandbox to enable virtual customer interactions.

SAND’s trading volume on all exchanges in the last 24 hours was approximately $268 million, based on the average of data providers Coiningecko and CoinMarketCap. Several other soon-to-be-unlocked DeFi tokens could gain in value over the next two months, including SWEAT, the move-to-win token, BitDAO’s governance token BIT, and Yuga Labs’ ApeCoin.

Approx Sand Token Unlocked
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
Previous ArticleBlockFi Creditors Try To Keep Personal Information Private
Next Article Election candy with KGF for every sector in a deteriorating economy: From rent payments to EYT, private school personnel payments with 14 different packages of 250 billion…
cryptossor
  • Website
  • Twitter

The most realistic News Of The Crypto press@cryptossor.com https://twitter.com/cryptossorcom

Related Posts

Filmography[edit]

Mart 21, 2023

Binance Delivers The Good News For These 2 Altcoin Investors!

Ocak 11, 2023

They Deleted The Tweet And This Metaverse Coin Is Crashed!

Ocak 11, 2023

Robinhood Delists This Altcoin: Price Crashed!

Ocak 11, 2023

Famous Stock Exchange Delists 33 Altcoins: Here is the List!

Ocak 11, 2023

What is Flare (FLR)? Flare Token Price and Comment

Ocak 11, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Our Picks
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

Filmography[edit]

By cryptossorMart 21, 2023

From Wikipedia, the free encyclopedia Jump to navigation Jump to search Czech actress, dancer, singer…

The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

Ocak 11, 2023

Binance Delivers The Good News For These 2 Altcoin Investors!

Ocak 11, 2023

Bitcoin Price Predictions for 2023 from the Professionals

Ocak 11, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Facebook Twitter Pinterest

Type above and press Enter to search. Press Esc to cancel.