According to @EmberCN, major crypto VC Hashed transferred 18.45 million SAND tokens (worth $5.83 million) to Binance two hours ago, with a total of 36.9 million SAND ($12.13 million) moved to Binance over the past 13 days. As Hashed is a lead investor in The Sandbox (SAND), these significant transfers to an exchange wallet could signal potential sell-side pressure or liquidity events for SAND, impacting short-term trading strategies and market sentiment. Source: @EmberCN via Twitter.

According to Lookonchain, Hashed (@hashed_official) deposited 18.45 million SAND tokens (valued at $6.3 million) to Binance just 2 hours ago. Hashed is recognized for its effective trading strategies, notably buying low and selling high. Last month, Hashed withdrew 11.36 million SAND ($2.9 million) from Binance at a price of $0.26 per token, and since then, SAND's price has surged by 35% (source: Lookonchain via Twitter, intel.arkm.com). This significant deposit may signal increased selling pressure on SAND in the short term, making it a crucial data point for traders monitoring large token movements and potential volatility in metaverse crypto assets.