Huge unlock in $SAND right now

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Huge unlock in $SAND right now A thread on: - links to contracts addresses for you to confirm unlocks - price actions on past SAND unlock - game theory between the VC receiving unlocks Like & Retweet this tweet and lets go! 🦦🦦🧵🧵👇🏼👇🏼

Otter wrote about SAND unlock few weeks ago and why this unlock is so different in nature If you haven't read that, start here Otter admits the only thing wrong in the thread below is the date This time though, the unlock is definitely ongoing 👇🏼 twitter.com/otteroooo/status/1536287725694857216?s=20&t=YIuaDnhFsiNxl32JJb3K5g

1. Contract addresses for unlock There are two addresses which unlock $SAND, which we will call Contract A & B Contract A: etherscan.io/address/0x5f5b8942ae6325227d5d82e5759e837271fa2a67#tokentxns This contract has sent 47,000,000 SAND to address 0x5366 so far

Contract B: etherscan.io/address/0x2f2456953a2cbc21fde058d33fb2ad8d59e72a35#tokentxns This contract has sent 21,100,000 SAND to 3 addresses 10m to 0x5366 (same as contract A recipient) 10m to 0xd272 1.1m to 0x3cc6

2 days ago Within 7 minutes of receiving the unlock, VC holding the address 0x5366 has sent the 51m SAND it has collected straight to Binance this VC is so committed to dumping the full amount, they even sent the 100 SAND test transaction tokens over to Binance 🦦🦦🤣🤣

Watch what they do, not what VCs say They sent it to exchanges within minutes! There seems to be a gentleman agreement between the VCs to not dump on the same retail plebs because within 2 minutes of receiving the unlock, 0xd272 sent its 10,000,000 SAND to OKEX 🦦🤣

6 hours ago Contract B sent a further ~27m SAND out to 6 addresses the last time these addresses received unlocks, they sent to following exchanges to dump 0x2ec9 - Binance 0xdf89 - FTX 0xd700 - Wintermute (OTC or TWAP sell) 0xac8e - Huobi they dumping on you bro

Let's take a quick detour onto Sandbox whitepaper to see who is on the ball, dumping $SAND upon unlock within minutes Based on the whitepaper, tokens go to:

So some of maybe goes to Team

and some of it to "advisors" To those unsure, @hashed_official are the same folks that brought us LUNA UST no buenooooo 🦦💩

the rest of the VCs are found in an archived version of the Sandbox website twitter.com/otteroooo/status/1536287797920661504?s=20&t=YIuaDnhFsiNxl32JJb3K5g

2. price actions on past SAND unlock this chart shows the last few unlocks of SAND against BTC you can see in the circles, how price is deflated over a few weeks as the VCs TWAP sell their positions onto unknowing plebs FYI: this thread was drafted when SAND was $1.4

this time is sorta different though the last 2 unlocks were during the most bullish of bull runs right now we are knee deep in the a horrible bear market order books are empty, shitcoins trading is muted honestly ask among your friends, who is buying $SAND tokens today

how about short squeeze you may ask? a short squeeze has less chance of happening when there is a huge looming inventory of SAND tokens waiting to be sold at any pump nobody would be foolish enough to short squeeze knowing that it could be easily shutdown

right now there's only 120m SAND in Open Interest (OI) Open Interest is the number of open positions that has not been settled (closed or liquidated) so 74m SAND into the markets now will be absolutely devastating

if you are thinking of yeeting your net worth into a 20x leveraged short, please don't that means a freak 5% pump will rekt you take it easy, don't be greedy not financial advice

3. game theory between the VC all the VCs are sitting on huuuge unrealized profits According to an internal document otter has reviewed, VCs have purchased $SAND at a price of $0.004 At the current price of $1.4 per $SAND, the VCs are 350x on their investment A f**cking 350x!

The VCs are only 350x if they can exit at $1.4 Now all the VCs are playing a game of reverse chicken The first VC who sells gets a 350x, the next gets a 250x, the next 150x

When you hear crypto twitter (CT) talk about bera markets being PvP, this is what it means VCs acting out in their own interests, nuking everyone else in the process of course, if you've staked $SAND and have it locked up then may the Gods have mercy on your sorry soul

its interesting to note that the VCs have different stack sizes so the VC with smaller stacks can easily fumble the entire bag into the markets and have muted price spiral effect the larger stacks VC not so

Extra relevant to #HASHED top advisor to both Terra Luna and Sandbox twitter.com/otteroooo/status/1536287748788609026?s=20&t=YIuaDnhFsiNxl32JJb3K5g

to those who say that - VC has OTC away their positions - VC has sold short their unlocks prior or any bullsh*t like this this is what otter had to say

game theory gets more complex now that retail champion otter sounded the alarm for retail the VCs now know that the slower they dump, the less unsuspecting plebs they have to buy up their dumps VCs forced to be more PvP against each other since there is less retail to prey on

unsurprisingly so, talks about price and unlocks are banned on SANDbox main telegram chat can't have freedom of speech interrupting dumping on plebs, can we?

frens don't let frens be exit liquidity that's why otter is here to look out for you if you like to see more of such threads with alpha like and retweet the top tweet! twitter.com/otteroooo/status/1536287780690886658?s=20&t=YIuaDnhFsiNxl32JJb3K5g