Critical unlocking for The Sandbox (SAND): Will the price be affected?

Popular metaverse project The Sandbox (SAND) will hold a $100 million token unlock on February 14.

The cryptocurrency market made a vibrant start to the new week after closing last week on an upward note. BTC's struggle for $48,000 has also initiated profit sales in altcoins. While many altcoins started to correct their rise over the weekend, some altcoins experienced a rise independent of the market.

This week, dominated by bullish expectations, will be a critical turning point for the metaverse project The Sandbox (SAND). The Sandbox will unlock 205.59 million SAND on February 14, accounting for 9.19 percent of the circulating supply.

! [sandbox] (https://img-cdn.gateio.im/webp-social/moments-fdfb96d993-b942d1ae94-e2294f-d8d215.webp)## The Sandbox (SAND) has entered a critical week

The Sandbox (SAND), one of the crypto projects that comes to mind when Metaverse is mentioned, has entered an important week. The Sandbox will unlock a large amount of SAND this week.

According to data obtained from TokenUnlocks, The Sandbox will unlock 205.39 million SAND on February 14. These tokens are worth approximately 100 million and account for 9.19 percent of the circulating supply.

SAND unlockAfter the unlock, 71.25 million SAND ($33.73 million) to the project team will be transferred. 37.5 million SAND ($17.75 million) will be transferred to project consultants. Finally, 96.84 million SAND ($45.84 million) will be kept as company reserves.

79 percent of SAND's total supply has been unlocked. There are 2.237 billion SANDs in circulation, corresponding to approximately 1.05 billion dollars. The total supply of SAND is at the level of 3 billion. According to TokenUnlocks data, 616.77 million SANDs are locked.

The next unlock of SAND will take place on August 14. After 6 months, more than 205 million SANDs will be put into circulation.

The popular cryptocurrency is trading at $0.467 and gained more than $70 million in trading volume in the last 24 hours. Although SAND increased by nearly 10 percent in the last week, it lost nearly 13 percent in value in the last month.

Sandbox grafik

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