SAND whale movement exposed: New wallet transfers large amounts to mainstream exchanges within three days

NFTragedy · 2026-01-09T11:50:14+00:00

Recently, a newly created wallet transferred 27 million SAND tokens, worth approximately $3 million, originating from the official Sandbox secure wallet. This transfer was made through an intermediary address to increase tracking difficulty but was detected by on-chain data monitoring. Large transfers to exchanges may indicate liquidity management or cash-out intentions, and the market has expressed concern about this.

NFTragedy

2026-01-09 11:50:14

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According to on-chain data tracking, a newly created address has recently made a significant move. This wallet, created just three days ago, transferred a total of 27 million SAND tokens in batches to multiple major trading platforms within a few hours, with a total value of approximately $3 million.

Based on Arkham’s monitoring information, the source of these 27 million SAND tokens can be traced back to the official Sandbox Gnosis Safe Proxy security wallet. The tokens then passed through an intermediate address before flowing into the new wallet, and finally into various exchanges. Although this transfer path design increases the difficulty of tracking, it was still detected by on-chain data platforms.

Considering the current price of SAND at $0.12, this $3 million transfer scale is quite substantial. Large token transfers to exchanges often indicate several possibilities: either the project team is managing liquidity, or there may be an intention to cash out. Especially with this “multi-hop” transfer method through new wallets and intermediate addresses, market concerns about selling pressure are often triggered.

As a well-known blockchain gaming project, any large movement of its official tokens tends to attract market attention. The concentrated transfer of 27 million SAND tokens this time warrants observation of whether they will be traded on exchanges and the potential impact on SAND’s price trend.

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