Sandbox (SAND), the native token of the eponymous metaverse, rose more than 16% after Coinbase said it plans to list the token.
The move is expected to benefit SAND as Coinbase is the largest exchange in the United States. The exchange made the announcement in a tweet†
Coinbase Adds SAND to Its Roadmap
The SAND token has registered a rise of more than 16% since the news broke. This has helped make the Sandbox token the top winner among the largest gaming tokens. The Sand is trading at an average price of $1.36 at press time. The 24-hour trading volume is up more than 62% to $588 million.
Earlier, Coinbase Explained that it will add approximately 45 different ERC-20 tokens based on the Ethereum network and 6 SPL tokens on the Solana network.
Tokens in the Gaming category suffered a lot from a massive market crash last week. The SandBox token is down 54%% in the last 30 days. The recent wave of Sand has somehow helped the token to cover its loss. According to CoinMarketCap, the token is the 3rd largest gaming token with a market cap of over $1.6 billion. To make Sandbox cheaper, greener and more energy efficient, the ecosystem will migrate over the Polygon Matic (OxPolygon).
Gaming Token Prices Jumping
The Sandbox has fallen an announcement that it has acquired a tech company Cualit. It’s another step to accelerate Web3 development and metaverse growth.
Meanwhile, the gaming category coins have seen a rise of more than 9% in their cumulative market cap in the past day. The total valuation now stands at $13.6 billion. The 24-hour trading volume is up 8.5% to $4.9 billion. The largest of the Ethereum (ETH) whales appears to be adding gaming tokens specifically during the decline.
According to whaleStats, Top gaming tokens such as Decentraland (MANA), ApeCoin (APE) and Axie Infinity (AXS) have made it to the list of top 10 tokens bought by whales in the past 24 hours.
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