The Sandbox Cut Staff Dem Half, Launch Base Meme Coin Platform
The Sandbox don cut their workforce by 50% as daily active users don drop reach only few hundred, many of dem na bots. Animoca Brands don take full operational control plus dem appoint Robbie Yung as CEO. Co-founders Sébastien Borget and Arthur Madrid now dey serve as ambassador and non-executive chairman. The cuts affect teams for Argentina, South Korea, Thailand, Turkey, and Uruguay, plus four overseas offices don close. Even though dem get $300 million funding and $1 billion valuation after $20 million round, The Sandbox’s own token SAND don lose over 90% from market value since e peak for 2021 and e dey trade near $0.28. To revive user interest, The Sandbox dey launch Base-based meme coin platform wey be like Pump.fun, na strategic pivot wey fit boost engagement but e also fit bring more volatility for traders.
Bearish
The big staff waka dem down, leadership gbe gbe, and long time small number of people wey dey use de platform mean say The Sandbox go still get wahala. For now, dis kind bad news go make plenty people dey sell de SAND token because traders dey fear say de platform no too strong again. Even though de move to Base-based meme coin platform fit bring new interest and make people dey buy and sell again, dis new plan go also bring wahala like price change quick quick and no sure how e go be. For long time, if de memecoin platform do well and more people begin use am, e fit make people value SAND token more, but until dem see real increase in users, people go still dey negative.