$56 million worth of $SAND transferred to Binance, but the price remains steady, at least for now
did not experience a major volatility spike. In fact, SAND only lost 0.6% of its value in the last 24 hours, which is a sign of high liquidity on the market. Overall, the movement of SAND on Binance is a positive sign for the cryptocurrency, as it highlights increasing demand and interest from investors.
This significant transfer of SAND to Binance has raised concerns among investors as it could indicate a potential increase in selling pressure. Some major investors may be looking to take profits from their holdings after the impressive price performance of SAND in recent weeks.At press time, SAND is changing hands at $0.7 and showing some obvious signs of a fading trend as the trading volume of the asset has decreased massively since reaching the local high on Jan. 14.
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