๐จ *Whale Alert: Hashed Deposits 17.03M SAND to Binance* ๐จ
Hashed, a major early investor in The Sandbox, has transferred *17.03 million SAND* (valued at4.1M) to Binance. This marks their first significant movement in two years. Despite this, they still hold *25.55 million SAND* (~6.15M).
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๐ *Implications*
- *Potential Sell-Off*: Large deposits to exchanges often indicate an intent to sell, which could introduce downward pressure on SAND's price.
- *Market Sentiment*: Such moves can influence investor sentiment, possibly leading to increased volatility.
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๐ *Current SAND Market Snapshot*
As of now, *SAND* is trading at *0.3084*, reflecting a *2.52%* increase from the previous close. The intraday high stands at *0.3156*, with a low of *0.3008*.
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*Note: Cryptocurrency markets are highly volatile. Always conduct thorough research and consider risk factors before making investment decisions.*
