Whale Investors of The Sandbox Show Substantial Activity on Binance: Santiment Reports
Blockchain technology and the realm of cryptocurrencies are huge and growing fields. Some of the most significant developments in the sector are highlighted in recent insights from the blockchain analytics firm Santiment. The highlights include the cryptocurrency companies The Sandbox and AI firms..
The Sandbox Boosted Whale Investor Interest in Binance
According to Santiment, a blockchain analytics firm, the Sandbox (SAND), a metaverse gaming platform, has attracted more attention due to the significant movement of 78 million SAND tokens, valued at $56 million, from three addresses to Binance by whale investors.
According to Santiment, a blockchain analytics firm, the Sandbox (SAND), a metaverse gaming platform, has attracted more attention due to the significant movement of 78 million SAND tokens, valued at $56 million, from three addresses to Binance by whale investors.
According to the insights, Selling SAND shouldn’t pose a problem, even if the price drops. This might potentially cause the value to decline more rapidly. However, after the selling has concluded and a brief price fall has been noticed, it can give an excellent chance to invest in SAND.
On the other hand, the Sandbox just formed a partnership with Saudi Arabia. The news was communicated via a LinkedIn post during the Middle Eastern nation’s LEAP 2023 tech conference. Co-founder and COO of Sandbox Sebastien Borget said that the company is looking forward to exploring, providing advice, and supporting one another during metaverse activations.
The value of the SAND token was $0.7951 at the time of writing. In the last 30 days, this indicates a gain of 53.71%.
AI Crypto Firms AGIX and FET Lead the Way in Social Trends Ranking
Santiment also emphasized the strong market capitalization and ranking of the two cryptocurrencies associated with artificial intelligence (AI), SingularityNET (AGIX) and Fetch.ai (FET). FET is now ranked 93rd, while AGIX is ranked 74th.
Santiment added that FET and AIGIX are still receiving much attention and ranked first and second in the Top Social Trends ranking. AI-based cryptocurrencies are expected to rise in 2023 due to growing AI technology adoption and increasing investor interest in the AI sector.
The introduction of ChatGPT and Microsoft’s investment in OpenAI have increased the level of the AI industry. Anthropic, a new AI startup, has recently attracted attention after receiving a $300 million investment from Google Cloud.
