{"id":83033,"date":"2023-08-14T18:24:32","date_gmt":"2023-08-14T15:24:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83033"},"modified":"2025-09-12T08:37:04","modified_gmt":"2025-09-12T05:37:04","slug":"the-sandbox-unlocks-130-million-worth-of-sand-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/the-sandbox-unlocks-130-million-worth-of-sand-tokens\/","title":{"rendered":"The Sandbox unlocks $130 million worth of SAND tokens"},"content":{"rendered":"<p>The Sandbox metaverse platform unlocked 332.55 million SAND tokens valued at about $130 million. This volume increased the asset&#8217;s circulating supply by 16% of the total issuance, according to <a href=\\\"https:\/\/token.unlocks.app\/the-sandbox\\\">Token.Unlocks<\/a>.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/TGe9zBT0wCXh1CayqDxjC-NwXVUdkBTZBJWOBtDCjDdyyaPb4QzXd2JHm7q0E8FNMfxqX4dvZHXeihOKNs6MX6jge3imuAdFF5xi9tR36atZT7riQtdOlGB0s4NWBe6FIyHsim9bGXYF6c9VFxlSnGI\\\" alt=\\\"The Sandbox \u0440\u0430\u0437\u0431\u043b\u043e\u043a\u0438\u0440\u043e\u0432\u0430\u043b\u0430 \u0442\u043e\u043a\u0435\u043d\u044b SAND \u043d\u0430 $130 \u043c\u043b\u043d\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: Token.Unlocks.<\/figcaption><\/figure>\n<p>The unlocked tokens are allocated to:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>The team \u2014 71.25 million SAND;<\/li>\n<li>project advisers \u2014 37.5 million SAND;<\/li>\n<li>seed investors \u2014 102.96 million SAND;<\/li>\n<li>participants in strategic sales of the asset \u2014 24 million SAND;<\/li>\n<li>the company&#8217;s reserve \u2014 96.84 million SAND.<\/li>\n<\/ul>\n<p>Under the vesting schedule, on February 14, 2024, the next tranche of coins will become available on the market, amounting to 205.6 million ($80.6 million) \u2014 another 10% of the total issuance.<\/p>\n<p>As of writing, 21% of the total SAND supply remains locked.<\/p>\n<p>Over the last 12 months, the token price fell from $1.35 to $0.40 \u2014 about 70%. In November 2021, SAND traded at a peak of $8.40.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/ZVz43dJnGg983Owbfgiagi-yZEX5J1CjmM_lqs1xoaz5SFoUD7eR2k2eCFdxG-OLQzcYZuSgwB6f8I_HKVBKglswbKd0XR03OsQX-TGAyLoFzOBU3u2eYZYRVUKy0v2ulVfTmcxpScCAEmzVyMHPUGM\\\" alt=\\\"The Sandbox \u0440\u0430\u0437\u0431\u043b\u043e\u043a\u0438\u0440\u043e\u0432\u0430\u043b\u0430 \u0442\u043e\u043a\u0435\u043d\u044b SAND \u043d\u0430 $130 \u043c\u043b\u043d\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/the-sandbox\\\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Earlier Kaiko analysts noted that trading volumes of top P2E tokens in the segment <a href=\"https:\/\/forklog.com\/en\/news\/p2e-token-trading-volumes-slump-by-98\">fell by 98%<\/a> from the market peak in late 2021. According to analysts, users have largely lost interest in assets such as SAND, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-axie-infinity-axs\">Axie Infinity<\/a> (AXS), Enjin (ENJ) and Gala Games (GALA) due to their devaluation.<\/p>\n<p>The Sandbox operator\u2014Hong Kong-based Animoca Brands\u2014announced <a href=\"https:\/\/forklog.com\/en\/news\/animoca-brands-to-scale-back-us-footprint-amid-sec-actions\">a reduction of its presence in the United States<\/a> after the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\\\"old_tooltip\\\">SEC<\/span> deemed the SAND token an unregistered security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sandbox metaverse platform unlocked 332.55 million SAND tokens valued at about $130 million. This volume increased the asset&#8217;s circulating supply by 16% of the total issuance, according to Token.Unlocks.<\/p>\n","protected":false},"author":1,"featured_media":83034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,2060,1258],"class_list":["post-83033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-the-sandbox","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83033"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83033\/revisions"}],"predecessor-version":[{"id":83035,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83033\/revisions\/83035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83034"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}