- Lookonchain data revealed that whale “0x73b4” sent 28.46 million SAND tokens to Binance and OKX over the past 24 hours.
- This whale previously sent millions of SAND to exchange in August, which led to a 30% drop in SAND’s price.
- At press time, SAND was trading hands at $0.3007 after it achieved a 24-hour gain of 1.89%.
The blockchain tracking platform Lookonchain revealed that a whale transferred millions of The Sandbox (SAND) tokens to exchanges over the past 24 hours. In an X (formerly Twitter) post published earlier today, the platform noted that whale “0x73b4” deposited 28.46 million SAND to Binance and OKX just a few hours ago.
Note that whale"0x73b4" deposited 28.46M $SAND ($8.57M) to #Binance and #OKX 3 hours ago.The last time this whale deposited a large amount of $SAND into exchanges was on Aug 10 (before unlocking), and the price of $SAND decreased by ~30% after that.https://t.co/hdmQtOW34R pic.twitter.com/T0U6hobAxI
— Lookonchain (@lookonchain) October 7, 2023
At the time the transfer was initiated, the tokens sent to these two exchanges were estimated to be worth $8.57 million. Interestingly, this is not the first large deposit sent t…
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