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Once thought to be a far-fetched notion, rooted primarily in the realm of science fiction, the idea of a digital metaverse has garnered a lot of traction over the last couple of years. In fact, owing to the social, monetary, and technological potential possessed by this burgeoning digital paradigm, many analysts believe that the space could generate up to $5 trillion over the next 7 odd years.
Over the last 7 days, the Sandbox (SAND) price has stagnated at $0.30. A critical on-chain indicator suggests that holders are bracing for more bearish trading activity.
Story Highlights SAND price could hit its potential high of $0.634 by the end of 2023. Sandbox price with a potential surge could go as high as $4.632 by the end of 2030. The current price of Sandbox is . The crypto sphere turned over a leaf of its directory in the bygone year.
Whale address with the distinctive prefix 0x53e has made a significant deposit of 3.6 million SAND tokens into Binance.
The largest bank in Singapore, DBS Bank, has developed a novel metaverse experience within The Sandbox that will be made available to the general public by the end of the year.
In a leap towards the future, DBS Bank, Singapore's powerhouse financial institution, has pulled back the curtain on its latest innovation: an awe-inspiring iteration of the metaverse within The Sandbox. Anticipation is buzzing as this virtual wonderland gears up to open its doors to the public, promising an immersive experience like never before.
Commencing on August 29th, Bitstamp plans to temporarily halt trading activities for a carefully selected range of well-known tokens. Notable names on this list include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR, Sandbox (SAND), and notably, Solana (SOL).
Mastercard-powered crypto cards will be issued by the participating banks. There are now three companies registered to engage in the national digital sandbox.
On Monday, August 14, the metaverse platform The Sandbox released approx. 16% of its circulating supply in a planned event.
The proprietary token from the metaverse platform, The Sandbox (SAND), took a hit on Monday as they performed a planned unlock of 332 million tokens.
The next batch of token unlocks for The Sandbox is on Feb. 14, 2024, and will unfreeze over 200 million SAND for its team, company reserve and advisors.
SAND holders refuse to be caught in the whirlwind as they heavily distribute their tokens before the token unlock event.
Metaverse platform The Sandbox is introducing NFT avatars of Elvis Presley to celebrate the music icon's legacy in the digital world. The Sandbox co-founder and COO Sebastien Borget discusses the details of the launch and how users who buy an NFT will have governance and voting rights for the Elvis Legacy Council DAO.
As the price of SAND slid 4% in August, the Sandbox Genesis smart contract had already emitted 60 million SAND tokens prior to the upcoming token unlocked scheduled for Aug. 14.
The SEC's enforcement actions have turned the U.S. market into rugged terrain for crypto firms.
Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the dynamic regulatory environment." "Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States.
Cryptocurrency exchange Bitstamp has announced its decision to suspend trading of several cryptocurrencies for customers based in the United States starting from August 29th. The move comes in response to recent developments, although the specific reasons behind the suspension were not detailed in the announcement.
Decentralized gaming platform, The Sandbox is set to execute a SAND token release valued at $133.86 million. According to data from TokenUnlocks, Sandbox will release 332.55 million SAND tokens into circulation on August 14, representing 16.16% of the token's maximum supply.
Bitstamp will halt U.S. trading of AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL from August 29, 2023, amid regulatory considerations and expansion plans.
Sandbox's native token came under intense pressure ahead of a major token unlock. SAND dropped to a low of $0.40, which was much lower than last month's high of $0.4831. In all, the token has dropped by more than 56% from the highest level this year.
DAO, GMT, ICP, BMEX, APT, and SAND token unlocks are lined up this week.
The Sandbox, a decentralized virtual world platform, is facing uncertainty as it approaches a significant token unlock event on August 14. With the circulating supply of SAND tokens set to increase by 332.55 million, adding to the 372.57 million tokens unlocked earlier this year, concerns have arisen about how this massive inflation may impact SAND price stability.
On-chain data revealed that The Sandbox was under immense selling pressure, which was a bearish signal.
On Aug 14, a scheduled token unlock event will see 332.55 million SAND tokens worth $133 million released into circulation. Historical data shows that market reactions could put The Sandbox price stability at risk.
