Can The Sandbox’s [SAND] latest trick reinvigorate investors’ dying interest

ambcrypto.com:

Is the ‘SAND’ castle a little too weak for the strong crypto waves

The state of the crypto market has been conflicted in its approach toward recovery or consolidation, which is why even after three weeks since the devastating crash, the total value of the crypto market continues to fluctuate around $1.25 trillion.

One of the bearers of this bearishness is The Sandbox, whose Metaverse is failing to lift the network out of its misery.

The month of May, for the second time in a row, has proved to be the worst month for crypto as two of the biggest crashes ever witnessed occurred in this month itself.

Known for its Metaverse, The Sandbox observed a steep decline in the investors’ interest. With the end of May around the corner, the overall sales of LAND plots fell drastically.

Recording the sale of a mere 1,090 units, the month of May witnessed the lowest figures since May 2020’s 797 units. 

The Sandbox LAND sales | Source: Dune – AMBCrypto

However, the saving grace for the total volume generated through these sales was the average price of each plot.

Closing at $2,957, the average price of LAND plots this month was the lowest considering the last seven months. However, it ended up registering a total of $5.7 million in sales which is the first single-digit monthly sale throughout 2022.

The Sandbox total sales volume | Source: Dune – AMBCrypto

But the dwindling interest isn’t simply a speculation based on the net sales as in the past, despite poor performances, investors were still willing to be a part of the Metaverse, and thus, the LAND plots were transferred among investors.

However, May also noted the lowest numbers in terms of Sandbox LAND Transfers since October 2021. At the time of writing, the number of transfers stood at