![The Sandbox [SAND] sees large inflows into exchanges: Good news for investors?](https://i.headtopics.com/images/2023/2/8/cryptoamb/the-sandbox-sand-sees-large-inflows-into-exchanges-the-sandbox-sand-sees-large-inflows-into-exchanges-1623223859800428544.webp)
The Sandbox saw close to 100 million inflows into exchanges in recent days. The token unlock event coming up in a few days might be a motivating factor. The value of The Sandbox [SAND] increased significantly at the start of 2023. Nevertheless, price movement has slowed recently, and a review of several crucial parameters revealed […]
, there were a few high lows. The token had gained 1% as of the time of writing and was trading at about $0.71. Moreover, the token’s value had dropped by 8% prior to the trading session.
However, SAND’s strong bull trend had somewhat abated, according to the Relative Strength Index . A bull trend, albeit weak, was indicated by the RSI line, which was just over 50.According to the metrics above, there were certain concerns raised by the steady drop in SAND’s value and the significant inflow into exchanges. A review of the unlock data provided some explanations for the recent price movement, but it was possible that this was not the only factor at play.
Partnerships and announcements like these might aid SAND in climbing back up, especially with the upcoming unlock and probable price drop.Subscribe to get it daily in your inbox.
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