Sandbox (SAND) Fails To Outshine Pikamoon Despite Latest Developments

As an investor, one aspect of the crypto world to pay attention to is the GameFi space. This section of the crypto world makes a name for itself with prominent projects like Sandbox, Axie Infinity, Floki Inu, and the new GameFi sensation, Pikamoon (PIKA).

In the latest turn of events, Sandbox has been on the receiving end of several fresh additions, innovations, and developments. However, the impact these positive events have had on the SAND price has not lived up to the hype. It appears the latest Play-to-Earn king, Pikamoon (PIKA) has an offering in utility and profit that SAND can’t outshine.

Let’s find out.

Understanding Sandbox (SAND) Latest Token Unlock Event

The Sandbox’s token unlock happened on Monday, August 14, 2023. With this move, a particular portion of the SAND’s supply that had been locked until now gets released into circulation.

TokenUnlocks reveals that about 332.55 million SAND (worth about $131 million) was successfully unlocked with this token unlock event. That figure represents 16.66% of the total SAND circulating supply before the unlock.

332.55 million SAND is a considerable amount that can result in fresh striking moves in the market. Following simple supply-demand principles, the supply suddenly rising thanks to this huge value can create an imbalance if fitting demand for the coin also doesn’t meet this supply immediately.

There’s the possibility that this event could usher in a bearish domino effect for SAND. And SAND whales know this.

The Effect of Sandbox’s Token Unlock Event on the SAND Price

According to on-chain data on SAND’s price analysis, new holders of the soon-to-be distributed tokens may sell off their newly unlocked SAND tokens. Why not? Holding SAND has, so far, proven to be an unprofitable venture for several investors.

While writing this post, only 2.29% of SAND holders who held the metaverse token were in profit. Roughly 194,000 addresses, which depicts 96.36% of all SAND holders, realized losses on their holdings.

Since the start of August, SAND’s price has assumed a downward momentum. Trading at $0.3945, its value has since plunged by 6%, leaving worrying signs for investors.

The Outperforming Pikamoon Offers Sandbox (SAND) Investors Portfolio Recovery

While Sandbox struggles with the bears, Pikamoon continues to thrive thanks to various reasons.

This play-to-earn king maximizes its novel P2E gaming structure by incorporating the latest technologies and the most powerful blockchain in style. The project’s token, PIKA, is also a boost to the project’s potential, serving as the utility, reward, and purchase token here.

In addition, the following factors further add to the token’s rapid growth and astronomical profit delivery prospect.

• Endorsed by Industry Big Dogs 

Pikamoon is not Shiba Inu or DOGE, but, thanks to the support from a community of industry big dogs, this game-changing GameFi sensation enjoys all the backing it needs to soar.

Now, these top figures form a community comprising gaming enthusiasts, crypto experts, savvy investors, and whales. This community’s involvement drives Pikamoon to outshine rivals like Sandbox.

• Creates a Trustworthy Team 

Pikamoon builds trust and projects’ longevity from scratch as a statement to investors in the play-to-earn and meme coin markets. This buildup begins from its core team, ensuring the project earns its users’ and investors’ trust.

The core team is made up of professionals who have gone through certain transparency measures like KYC verification and audits by Coinsult, a top blockchain audit firm. This confirms the trust investors need to assure them of long-term investment security.

• PIKA is an Essential Growth Item for Pikamoon

PIKA’s design ensures it enjoys growth with the several use cases it has. By extension, the project also gets a boost and this means its growth is assured as well. Pikamoon gamers need PIKA often in the immersive and exhilarating Pikamoon Adventure game.

That increases the demand for the deflationary token. And as the total supply reduces gradually, there’s a token scarcity that boosts PIKA’s value and gets it poised for higher returns for investors.

Pikamoon Presale Growth Continues

So far, the last three phases already delivered 300% profits to investors and got nearly $4 million in sales. Despite that already happening, experts still see signs of more explosive profits to come before the end of the year.

Come on board now and start accumulating PIKA.

Find out more about Pikamoon (PIKA):

Buy Now: https://pikamoon.io/buy

Website: https://pikamoon.io

Twitter: https://twitter.com/Pikamooncoin

Telegram: https://t.me/pikamoonofficial