Data: A newly created address transferred 27 million SAND tokens to multiple centralized exchanges, worth approximately $3 million.
AI Summary1 min read
TL;DR
A new address transferred 27 million SAND tokens worth $3 million to exchanges like Binance, OKX, and Bitget. The tokens originated from The Sandbox team's wallet via an intermediary linked to Animoca Brands.
Tags
The SandboxBinance LaunchpadThe ProtocolMetaverseSEC Security TokenSAND tokenscryptocurrency transfercentralized exchangesAnimoca Brands
According to ChainCatcher, Arkham monitoring revealed that approximately nine hours ago, a total of 27 million SAND tokens, worth about $3 million, were transferred from a new address created three days prior to five centralized exchanges, including Binance, OKX, and Bitget.
The transaction trace revealed that these tokens originated from Gnosis Safe Proxy address of The Sandbox team and were transferred to this wallet through an intermediary wallet that had previously been associated with Animoca Brands.