Amid complicated cryptocurrency market belief, the developer of The Sandbox (SAND), Animoca Brand, has acquired noteworthy attention from crypto lovers due to its current acquisition. On October 26, 2024, the blockchain deals tracker EyeOnChain made a post on X (Previously Twitter) that Animoca Brand purchased 20 million SAND tokens worth $4.95 million from Binance.
Animoca Brand Buys 20 Million SAND
This substantial purchase tookplace in 2 different deals utilizing a wallet address “0x80AD.” In the veryfirst deal, the company pulled out 15 million SAND worth $3.98 million, followed by another 5 million tokens worth $1.33 million. However, the company lateron keptinmind that the acquired SAND was moved to another wallet address “0x3Ac.”
These considerable token withdrawals come throughout a duration when SAND’s rate is experiencing a constant rate decrease and has knowledgeable a rate drop of over 14% in the past week. Additionally, Animoca’s wallet address “0x80AD” presently holds 25 million SAND worth $6.16 million.
SAND’s Price Momentum
Despite this significant withdrawal, SAND has skilled a cost decrease of over 6.5% in the past 24 hours and is presently trading near $0.244. During the exactsame duration, its trading volume increased by 55%, indicat