These Metaverse Coins Can Rise Quickly! –

Research by analysts of cryptocurrency data provider Kaiko has come to interesting conclusions about metaverse coins that could stand out in the coming months.

Kaiko analysts, in 2023 these metaverse coins are also moving

Analysis surrounding gaming platform Axie Infinity (AXS) has detected a surge of more than 100% after the “token unlock” period, which saw 1.8% of the total token supply flow into the market. On the other hand, Sandbox’s native token SAND is on track for 12% token unlock in three weeks. Unlocks are typically downside catalysts for a token’s price, so Kaiko’s research team is focusing on what’s going to happen, with a special focus on investor behavior around the three main unlocks.

Sandbox (SAND) and Axie Infinity (ASX) analysis

AXS and SAND have gained 50% and 46% respectively against ETH since the beginning of the year. Kaiko analysts prefer to prioritize price movements against ETH rather than the dollar to understand the relative market performance of each token during an overall bullish rally. AXS, in particular, rose 40% in the hours before its release on the 23rd.

This performance runs counter to the trend in 2022, when tokens facing unlocks were underperforming the market. Even more interesting is that AXS and SAND are also victims of this trend during the 2022 unlocks.

Before forming a reasonable hypothesis about what might happen, the analyst examines factors such as token allocation, investor behavior after unlocking, and market dynamics in spot markets. Therefore, after the liquidity is released at the time of unlocking, it can be seen how different allocations continue to affect the selling pressure on the token.

Here are the metaverse coins and dates that will unlock a massive amount of tokens

SAND serves as a management token for the Sandbox DAO as well as acting as a unit of exchange in the Sandbox metaverse. Unfortunately for SAND holders, the token is at the disposal of a major unlocking program with more than 44% of the supply yet to be unlocked.

12% of the supply will be opened on February 14 this year, similar to August last year. The number of tokens to be opened on this date remains the same as last year’s distribution percentage. About 50% of unlocking is allocated to investors and advisors.

In August, we saw that these investors made wholesale sales as soon as they had the opportunity. This event put a lot of selling pressure on SAND, which was performing 20% ​​below ETH that month. Also, the day after it was published on August 14, about 75% of all major transactions were sell orders, where investors were trying to cash out SAND. This selling pressure continued in the days following its launch as sell orders dominated purchases.

How might the SAND price react?

The allocation of SAND unlocks is towards investors and as a result, token performance drops during unlocks. As the token allocation is the same for the February 14 unlock, similar poor performance can be expected as selling pressure builds up.

The same unblocking plan is scheduled every 6 months until 2025 with the same allocation for investors, so it looks like SAND investors will be facing serious headwinds by then. In this article, we have included SAND-like projects that will unlock a large amount of tokens this year.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on are carried out through third-party advertising channels. In addition, also includes sponsored articles and press releases on its site. For this reason, advertising links directed from are on the site completely independent of’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on and the pages directed by the links in the sponsored articles do not bind in any way.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-3