According to @OnchainDataNerd, a wallet potentially linked to the Sandbox team deposited 8 million $SAND (~$2.7 million) to Binance. Previously, a similar deposit was followed by a 33% price drop, suggesting potential impacts on $SAND trading strategies.

According to @ai_9684xtpa, a wallet associated with The Sandbox team transferred 5 million SAND tokens, valued at $2.06 million, to Binance an hour ago. The source of these funds is a wallet that received 15 million SAND tokens, worth approximately $10.52 million, from the Sandbox multisig address a month ago. These tokens were then distributed to various addresses. Over the past month, SAND's value has dropped by 41%, which is crucial information for traders considering the potential impact of these movements on the token's market performance.