According to CryptoOnchain @CryptoOnchain,
In the current SAND market,
"Increase in whale inflows to exchanges" and
"Decrease in network activity"
are occurring simultaneously, forming a “Distribution Trap” structure that is being warned about.
What draws particular attention is the large inflow to Binance.
Over the past 7 days,
· Binance Inflow Mean: +174%
· Inflow Top10: +170%
which surged sharply.
On May 19 alone,
approximately 21.9 million SAND were deposited into Binance.
On the other hand,
· Active Addresses: -11%
· Total Transaction Counts: -18%
indicating a decline in network activity from retail investors.
In other words, while "large supply" is increasing, the "natural demand" that would absorb it appears weak.
CryptoOnchain analyzes this structure as a typical “Distribution Trap”.
Unless on‑chain activity recovers, the SAND market may remain highly vulnerable to supply pressure.
