Whale’s Big Sale of SAND, Will Prices Plummet as Early as June 2025?

Updated

May 28, 2025

Gambar Whale’s Big Sale of SAND, Will Prices Plummet as Early as June 2025?

Jakarta, Pintu News – The cryptocurrency market is abuzz again with a large transaction made by one of the big holders of SAND tokens. In the last 24 hours, Hashed has deposited a total of 18.45 million SAND tokens worth $5.79 million on Binance. This incident has led to speculation among investors and analysts about its potential impact on the market price of SAND.

Large Deposits to Binance

Hashed, known as one of the large holders of SAND tokens, has recently transferred a significant amount to Binance, one of the largest cryptocurrency exchanges. The transaction involved approximately 18.45 million SAND tokens, with a total value of $5.79 million.

These large token deposits are often interpreted as preparation for a sale, which can put pressure on token prices in the market. Large deposits like this often spark concern among small and medium-sized investors. Because when tokens are sold in large quantities, it can cause a sharp price drop. Market analysts are watching closely to see if there will be a significant price drop in the near future.

Also Read: Crazy Transaction! 11.75 Trillion PEPE Changed Hands in 24 Hours, What Happened?

Current Price Dynamics

Currently, the price of SAND is hovering around $0.3096, showing a decrease of 0.70% in the last 24 hours. Although this drop is relatively small, the presence of large transactions in the market could affect investor sentiment and potential future price movements. Analysts note that SAND has shown a consistent uptrend for some time, supported by an uptrend line that has prevented large price drops.

However, with large deposits to Binance, there is a possibility that selling pressure could increase. If Hashed decides to sell a large amount of tokens, this could set off a chain reaction in the market that could potentially drive the price down further.

Technical Analysis and Key Levels

According to analysis from AMBCrypto, SAND has gained consistent support from an ascending trendline that has helped prevent significant price drops. This trend line has been a key factor in maintaining price stability despite market fluctuations. Analysts use tools such as technical analysis to identify support and resistance levels which can be important clues for investors.

Key levels to watch include the immediate support level which if broken, could take the price of SAND to lower levels. On the other hand, if SAND can maintain its position above this trend line, there is a possibility for price recovery and further upside potential.

Conclusion

The large transaction by Hashed to Binance has raised concerns in the market about a potential massive sell-off that could affect the price of SAND. Investors and analysts should closely monitor price movements and trading volumes to make informed investment decisions. This incident shows how dynamic the cryptocurrency market is, where large transactions can have a significant impact in a short period of time.

Also Read: Monero (XMR) Surprises Market with Spectacular Rise in May 2025, How Come?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.