Will SAND Price Climb or Fall as Token Unlock Approaches

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SAND’s price is likely to tank 20% or more following the next unlock that will disburse a further one-fifth of all SAND tokens owned by investors and seed sale participants.

Virtual world Sandbox’s 30-month anniversary unlock on Feb. 14, 2023, will release 348 million SAND tokens ($179 million) to seed and strategic investors. According to the project’s tokenomics data, seed investors will receive just over 17% of the total SAND supply by Aug. 14, 22, 2023, according to a 12-month cliff, while other strategic sale investors will receive 4% by the same date.

Previous SAND Unlock Suggests Buying Opportunity

The unlock, slated for 8 a.m. UTC, will release roughly 12% of the 3,000,000,000 supply of SAND. The metaverse token has fallen almost 94% from its all-time high of $8.40 to trade at approximately 52 cents at press time.

SANDSAND/USD| Source: TradingView

Crypto investors can exploit a potential buying opportunity immediately after the token unlock when the price is expected to fall to around 40 cents.

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