Many cryptocurrencies have managed to register significant recoveries over the last 45 days, especially since June’s crash. The Sandbox [SAND] has been one of them. Even so, the Metaverse token’s performance over the last few days has not been up to the mark. This is leaving a very important cohort of the asset quite restless. […]
Many cryptocurrencies have managed to register significant recoveries over the last 45 days, especially since June’s crash.Even so, the Metaverse token’s performance over the last few days has not been up to the mark. This is leaving a very important cohort of the asset quite restless.This week acted as a breather for the market after weeks of unsure fluctuations.
While SAND did hike by 66.84% from its June lows, its recent appreciation hasn’t been significant and placed it at $1.34. In addition to that, at press time, it was still over 82% from its all-time high.This has created an atmosphere of concern in the market for SAND holders who are reacting accordingly. This is the case, particularly for long-term holders who happen to have significant dominance over SAND’s supply.
Between August 2021 and today, SAND LTH’s addresses have increased. However, the supply of tokens they hold has decreased by 11%. That being said, they still command approx. 59.18% of all SAND.The Sandbox supply distribution
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