Sandbox’s SAND Slides, ApeCoin Steady Ahead of $125M in Unlocks

Tokens of key gaming and NFT projects Sandbox and ApeCoin could see short-term selling pressure as planned unlocks release a cumulative $125 million worth of the tokens in the coming days. Token unlocks refer to the release of previously locked or restricted tokens into the market. These tokens become available for trading, buying, and selling after the end of their vesting period – and are typically vested for early investors, treasury, and public sale investors. The unlock represents 10% of SAND’s total supply and will bring the total circulating supply to nearly 90%. SAND is used for activities in the Sandbox’s virtual worlds.

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