Why You Should Stay Away from Buying These Two High-Potential Tokens
The Sandbox (SAND)
– SAND token has shown significant price increases in the past, indicating potential for the coming bull run.
– However, on August 14th, 308.46 million SAND tokens will be unlocked, which is 10.28% of the total supply.
– Previous unlock events have resulted in price drops shortly after.
– Considering the continuous slide of SAND’s price since the last unlock in February, a decline in price can be expected.
– If you already own SAND and bought it at a higher price, now may not be the right time to sell.
Worldcoin (WLD)
– Worldcoin is a controversial blockchain project that focuses on digital ID verification using iris recognition.
– The WLD token launched on July 24th, 2023, but there is a massive gap between the total supply of 10 billion tokens and the circulating supply of 123 million tokens.
– Each day, 3.43 million WLD tokens are released, which is 0.03% of the supply and can affect the price.
– Most of the circulating supply is controlled by market makers, limiting availability to the public.
– Considering these factors and the controversies surrounding Worldcoin, it is advisable to steer clear of it.
Hot Take:
Both The Sandbox and Worldcoin have upcoming token unlock events that may lead to price declines. The limited supply and control by market makers in Worldcoin further contribute to its potential slide. It is important to consider these factors before making any investment decisions.
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