Known SAND Whale Shifts 409M SAND Recently, Data Shows

• Santiment tweeted that a known SAND whale moved 409M SAND recently.
• Today’s transaction volume for SAND is at a 7-month high, according to Santiment.
• The price of the altcoin has risen more than 3% in the past 24 hours.

The blockchain analytics firm Santiment (@santimentfeed) tweeted this morning that a known The Sandbox (SAND) whale recently shifted a large amount of SAND. According to the tweet, the whale emptied out its entire 409 million SAND, worth approximately $250 million, and moved to a new address today.

Santiment’s tweet added that this was the most SAND moved since the asset’s first week of existence back in August 2020. In addition, the $261 million which was moved today is the most moved in 7 months.

At press time, the price of SAND is up 3.65% in the last 24 hours according to CoinMarketCap. SAND was also able to strengthen against Bitcoin (BTC) by 0.96%. The altcoin was unable to do the same with the altcoin leader, Ethereum (ETH), and weakened against ETH by 0.64% during the same period. As a result, SAND’s price currently stands at $0.6262.

The altcoin is currently trading closer to i…

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