Token unlocks, which are usually considered bearish events, appear to be having little effect on the price of Sandbox’s SAND token in the lead-up to releasing more supply. The project will be releasing 12% of the token’s supply, equivalent to around $273 million worth of SAND, to seed and strategic investors, according to Token Unlock, with half of the 12% going to investors, according to a report from Kaiko Research.
Sandbox’s SAND Surges 90% Since Start of Year Ahead of Token Unlock
