Top cryptocurrencies maintained their volatile movement as metaverse tokens such as Decentralan i Peskovnik traded at yearly low price levels.
Metaverse coins and tokens have been following the larger market’s trend, mostly trading within a bearish trend line. Decentralan (MANA) i Sandbox (SAND), two of the top metaverse tokens, were trading at yearly low prices.
While price action gave a grim outlook, for both SAND and MANA, their on-chain metrics flashed some major changes. However, what direction price action takes from here still remains to be seen.
Decentraland (MANA) Whales Moving Holdings
MANA cijena traded at $0.4587, at the time of writing, down 92.15% from its all-time high made in Nov. 2021. While price action was largely bearish, some positive news came from MANA whales that moved their holdings to their novčanik.
An update from whale alert highlighted that 12,000,000 MANA tokens, worth $5.29 million, were transferred from Kraken to an unknown wallet.
Source: https://beincrypto.com/metaverse-decentraland-sandbox-price-years-to-recover/