A noteworthy business deal occurring on the cryptocurrency network has South Korean blockchain investment firm Hashed throwing 17.03 million $SAND tokens, worth close to $4.1 million, into the Binance exchange. Onchain Lens, an analytics platform that works with blockchain data, made this transaction known and has consequently raised a few eyebrows. Selling that many tokens at once might not be as easy as it sounds. Hashed, recognized for its strategic undertakings in the blockchain sector, has been holding a remarkable stash of $SAND for some years. The firm first bought a hefty sum of $SAND tokens way back in May
The post Hashed Moves $4.1M Worth of $SAND to Binance: Potential Sign of Selloff appeared first on The Merkle News.
]]>As the GameFi sector experiences a resurgence, a closer look at token allocations reveals substantial differences across major projects, signaling varying stages of development and market strategies. $SAGA leads with 94% of its total supply still vesting, suggesting a long runway for future token unlocks. In contrast, $XAI has over 60% of its supply locked, with a significant portion concentrated within team and investor allocations, indicating potential future sell pressure. Meanwhile, $IMX stands out with less than 25% of its supply still locked, with all investor tokens already unlocked, highlighting its advanced stage in token distribution. $SAND is in its
The post GameFi Landscape Shifts: Token Unlocks, Market Downturn, And Strategic Investments Shape The Industry appeared first on The Merkle News.
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The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement.
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During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto […]
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The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a […]
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User data from DappRadar consists of metaverse users who have also made an in-game purchase with the project’s native token, but the Decentraland and Sandbox projects disagree with that criteria.
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Cardano was one of Saturday’s notable gainers, with the token surging to a three-week high. The sandbox was also in the green, rising to a multi-week peak, as sentiment in the cryptocurrency market remains mostly bullish. Overall, the global crypto market cap is up nearly 2% as of writing. Cardano (ADA) Cardano (ADA) climbed to […]
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The virtual real estate market is crashing despite a McKinsey report predicting a $5 trillion market by 2030.
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SAND surged by as much as 12% on Wednesday, as prices moved to a ten-day high during the session. The rise comes as crypto markets were mostly in the green, with AVAX also rising over the course of the day. As of writing, the global crypto market cap is nearly 3% higher. The Sandbox (SAND) […]
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RUNE rose by over 10% to start the week, surging as global crypto markets pushed to enter the green on July 4. After a slow start to the day, the crypto market cap is up 3.15% as of writing, with SAND another notable mover, as it extended recent gains, rising by nearly 13% in the […]
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