- SAND, MANA, and AXS holders experiencing significant losses in metaverse ecosystem.
- AXS token experiences 95% decline, SAND token records 93% loss, MANA token decreases 83%.
- Low number of daily active addresses in Sandbox ecosystem, majority controlled by whales.
According to the market intelligence platform, IntoTheBlock, a significant number of SAND, MANA, and AXS holders are currently experiencing a loss. The metaverse ecosystem has witnessed negative price fluctuations, resulting in a decline in the value of these tokens, as reported by the market data platform.
IntoTheBlock has recently tweeted an infographic showcasing the performance of three prominent metaverse tokens. According to the shared screenshot, Axie Infinity’s AXS token has experienced a significant decline of 95%. Similarly, Sandbox’s SAND token has recorded a substantial loss of 93%, while Decentraland’s MANA token has decreased 83%. It is worth noting that these three tokens are among the leading metaverse tokens within the cryptocurrency industry.
According to the data provided by IntoTheBlock’s crypto tokens aggregation platform, the current trading price of SAND stands at $0.401, with a market capitalization of $782.55 million as of the time of writing. Over the past year, SAND has witnessed a significant decline in value, with a depreciation of 68.72%. Additionally, there has been a substantial outflow of 94.63% from the SAND ecosystem, in contrast to a minor inflow of 3.16%. Further analysis by IntoTheBlock reveals that the Sandbox ecosystem has a relatively low number of daily active addresses, with only 637 recorded. Moreover, a significant majority of these addresses, approximately 76.17%, are controlled by large-scale investors commonly referred to as whales.
At the time of this composition, MANA is currently valued at $0.367, boasting a market capitalization of $695.49 million, as per reliable data sourced from IntoTheBlock. This price reflects a significant decline of 62.98% over the past year, accompanied by a substantial outflow of 83.67% in contrast to a modest inflow of 14.09%.
In the preceding year, the daily active addresses on Decentraland witnessed a decline of 57.71%, settling at a total of 458. Among these addresses, whales hold a significant share of 51.45%, leaving investors with 28.36% and retailers with 20.19%.
The native coin of the Axie Infinity ecosystem, AXS, was valued at $5.75 with a market capitalization of $817.53 million at the time of this analysis. According to IntoTheBlock’s data, AXS has experienced a significant decline of 67.62% over the past year. Throughout this period, the metaverse protocol recorded a modest number of 270 daily active addresses, with a substantial majority of 94.23% being held by large-scale investors known as whales. On the other hand, retail investors possess 3.51% of the total supply, while other investors own the remaining 2.26%.
