After SAND unlocking, unusual Whale pattern observed!
A significant amount (20%) of SAND tokens were unlocked on February 4th in line with tokenomics, coinciding with a local price high of $0.936. However, between February 20th and 22nd, an unusual pattern emerged where more tokens entered the exchange markets, even at lower higher-higher values. This increase in supply indicates that prices will likely correct soon.
Similar patterns were observed during previous token unlocking events in August-September 2022. Where the prices plunged after a month of token unlocking.
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