In the vibrant world of cryptocurrencies, significant altcoin transfers have been observed across various Blockchain projects. This points to the strategic maneuvers of coins such as SAND and STORJ in the field. Here are the details…
SAND transfers attracted attention
Onchain analyst Ember reports significant movement in The Sandbox: Genesis. Approximately 20 million SAND tokens, equivalent to $8.8 million, were recently transferred. Notably, half of this amount, 10 million SAND, found its way to the Binance exchange. The transfer started at address 0x73b and ended with the target address holding 10 million SAND. As we at Kriptokoin.com reported, The Sandbox is a virtual metaverse where players can create, own, and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token, SAND.
STORJ team transferred coins to Binance
In other news, Spot On Chain reveals that the Storj team deposited 1.5 million STORJ tokens worth $1.14 million to Binance via GSR Markets. Storj’s weekly earnings increased by a remarkable 65%. At the same time, the address of the Storj team injected another 9.8 million STORJ into Binance, amounting to $7.42 million.
Celsius transferred Ethereum
Finally, Lookonchain highlights Celsius, which recently made a significant transfer of 5,160 ETH to FalconX for a total of $10.63 million. This move comes on the heels of the approval of Celsius’ bankruptcy plan. As we recently reported, Celsius received approval from the court on November 9. So the path is now clear for customers to have some of their funds refunded and buy shares in the reorganized company, which will be called NewCo.
As a result, the cryptocurrency space witnessed significant token transfers in a flurry of blockchain activity on November 14, revealing strategic moves by leading projects. Ember reported that there was a significant exchange of The Sandbox’s SAND tokens, with 20 million units, or approximately $8.8 million, circulating between addresses. Simultaneously, the Storj team deposited 1.5 million STORJ worth $1.14 million on Binance via GSR Markets, marking a significant increase in weekly earnings. Celsius, meanwhile, laid the groundwork for a series of recent strategic token moves by making a significant transfer of 5,160 ETH to FalconX, equivalent to $10.63 million, according to Lookonchain tracking. These notable transactions underscore the dynamic nature of the cryptocurrency landscape, where projects strategically allocate assets for growth and market positioning.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.