$90 million worth of SAND tokens unlocking 14th February

The unlock of The Sandbox utility token SAND is expected later this month, 14th February.

206 million token, or 9%, of the token’s circulating supply will be unlocked, which is currently worth around $90 million. The total supply of SAND tokens is 3 billion and with this unlock, 86% of them will be circulating.

Although the approaching unlock hasn’t turned the downward trend of the price of SAND, it seems to have slowed its decrease. While the token is down 44% over the last year, it’s down only 12% over the last month and 5.2% during the last 7 days, as per Coingecko. 

More generally, SAND is down 95% since its all-time high in November 2021, but ultimately up 1,385% since its all-time low a year earlier.