Aliens TLDR

Instead, it’s largely seen as the kind of asset investors buy low so they can sell high and exit.

Even so, at press time, SAND was the 40th biggest crypto by market cap.

You see, SAND supply on exchanges sharply spiked by tens of millions of tokens to reach levels seen in late February, which means the latter is more likely.

However, one important incident that came to pass was a huge spike in SAND’s Age Consumed metric on 5 May. This tells us that a large number of idle tokens moved even as SAND’s price was going down.

This metric was again increasing slightly at press time, hinting that investors are paying more attention to the asset.

Adding to that, the Relative Strength Index [RSI] showed that SAND had been an oversold asset just shortly before press time