- IntoTheBlock reports that most SAND, MANA, and AXS holders are running at a loss.
- The platform shows the losses, which resulted from negative price changes across metaverse tokens.
- AXS has lost 95% value, SAND recorded a 93% loss, and MANA is losing 83%.
The market intelligence platform, IntoTheBlock, recently posted that most SAND, MANA, and AXS holders are running at a loss. Negative price changes in the metaverse ecosystem are causing tokens to lose value, according to the market data platform.
The majority of $SAND, $MANA & $AXS holders are holding at a loss as Metaverse tokens experience persistent negative price movements. Check our infographic for the details, or dive deeper here: https://t.co/dS6lsRghbq #Metaverse pic.twitter.com/8iDWKncUCj— IntoTheBlock (@intotheblock) August 3, 2023
IntoTheBlock shared an infographic of the three metaverse tokens mentioned in its recent tweet. In the shared screenshot, Axie Infinity’s AXS token posted a 95% loss, Sandbox’s SAND recorded a 93% loss, while Decentraland’s MANA was running at an 83% loss. These three represent some of the top metaverse tokens currently in the crypto industry.
Data from IntoTheBlock’s crypto tokens aggregation platform shows that SAND traded at $0.401, with a market cap of $782.55 million at the time of writing. It has lost 68.72% of its value in the past year and experienced a 94.63% outflow from its ecosystem, compared to a 3.16% inflow. IntoTheBlock reveals that there are only 637 daily active addresses on the Sandbox ecosystem, 76.17% of which are controlled by whales.
MANA’s price at the time of writing was $0.367, with a market cap of $695.49 million, according to data from IntoTheBlock. That price indicates a loss of 62.98% in the past year, having experienced an outflow of 83.67% compared with a 14.09% inflow.
The number of daily active addresses on Decentraland in the past year is 458, after dropping by 57.71% in the past year. Whales own 51.45% of these addresses, leaving investors with 28.36%, while retailers own 20.19%.
AXS, the native coin of the Axie Infinity ecosystem, traded at $5.75 and had a market cap of $817.53 million at the time of writing. At this price, AXS lost 67.62% in the past year, per IntoTheBlock’s data. The metaverse protocol boasted only 270 daily active addresses during this period, 94.23% of which belonged to whales. Investors own 2.26%, while the remaining 3.51% belong to retailers.
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