Whale 0x53e deposited 3.6M $SAND to Binance at $0.323 ($1.16M) just now:

• $SAND price has dropped by approximately 20% (from $0.399 to $0.32) since the token unlock on August 14
• txid: 0x3261d483232d89d40a078fcaef5a9f2bab93033a8e6869eb720a1310d3a23c97
• address: 0x53ed04c7121a3fa5d2033e3b404643cb77f48507

Notably, the whale tends not to hold the vested $SAND for long:

1. Regarding the latest unlock:

• allegedly received the most $SAND from the latest token unlock: 10.8M $SAND (then worth $4.25M)

• deposited 3.6M to Binance at $0.397 ($1.43M)
shortly after vesting on August 14
• further deposited 3.6M $SAND to Binance at $0.323 ($1.16M) just now
• check out the previous signal here

2. Regarding all executed unlocks:

• received a total of 37.7M $SAND from the last 3 unlocks: 13.46M $SAND in August 2022, 13.46M $SAND in February 2022, and 10.8M $SAND in August 2023
• has deposited 34M $SAND (90% of the vested tokens) to Binance and FTX at $0.841 on average

• still holds 3.6M ($1.15M)

Fig 1. The price of $SAND has been down by around 20% since the last token unlock.

Fig 2. Whale 0x53e tends to deposit vested $SAND to Binance right after vesting.