SAND - These 3 Popular Metaverse Cryptos Are Getting Kicked in the Pants Today
2023-03-10 15:13:06 ET
Cryptocurrency investors are once again in a world of pain today. For those in the more speculative areas of the digital asset markets, these losses are even greater.
Among the key decliners on watch for many high-growth crypto investors are Axie Infinity (CRYPTO: AXS) , The Sandbox (CRYPTO: SAND) and Decentraland (CRYPTO: MANA) . As of 2:30 p.m. ET, these three tokens have declined 6.3%, 6.2% and 4.2%, respectively, outpacing the declines seen in the broader market over the past 24 hours.
Most of this fallout appears to be tied to newfound sector-specific contagion fears related to the collapse of yet another bank tied to the crypto sector. Today, the Federal Deposit Insurance Corporation (FDIC) officially took control of SVB Financial , as the bank's stock was halted.
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These 3 Popular Metaverse Cryptos Are Getting Kicked in the Pants Today