{"id":232803,"date":"2022-05-07T04:00:36","date_gmt":"2022-05-06T22:30:36","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=232803"},"modified":"2022-05-06T19:04:04","modified_gmt":"2022-05-06T13:34:04","slug":"axs-sand-mana-how-did-the-metaverse-tokens-react-after-the-latest-correction","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/axs-sand-mana-how-did-the-metaverse-tokens-react-after-the-latest-correction\/","title":{"rendered":"AXS, SAND, MANA: How did the metaverse tokens react after the latest correction"},"content":{"rendered":"<p>Looking at the charts for the top 100 cryptos today, you would have likely seen a lot of near vertical drops in price as Bitcoin tumbled down by 8.20% in the last day to trade at <a class=\"cmc-link\" href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/markets\/\">$36,339.18<\/a>\u00a0at press time. Meanwhile, Ether [ETH] dropped by 6.93% to hit prices of <a class=\"cmc-link\" href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/markets\/\">$2,728.08<\/a>.<\/p>\n<p>However, it&#8217;s all too easy to worry about the top 10 and forget about the metaverse tokens. How did these newer categories of tokens fare after the latest bear attack? Let&#8217;s take a look at three.<\/p>\n<h3>Coping strategy #1<\/h3>\n<p>Axie Infinity [AXS] is perhaps one of the best known NFT-based games in the market, but of late the headlines have been all about its declining price and inflationary tokenomics. Now, throw in a mini market crash. At press time, AXS was the 50th biggest crypto by market cap, changing hands at\u00a0<a class=\"cmc-link\" href=\"https:\/\/coinmarketcap.com\/currencies\/axie-infinity\/markets\/\">$28.60<\/a>\u00a0after falling by 15.55% in a day and losing 22.24% of its value in the past week.<\/p>\n<p>So how did investors react? Data from Santiment showed that the supply of AXS on crypto exchanges was reaching all-time-lows, with only about 1.47 million left at press time. This suggests that in spite of all the odds, AXS has investors who believe in it &#8211; or players who are still invested in the game itself.<\/p>\n<figure id=\"attachment_232813\" aria-describedby=\"caption-attachment-232813\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-232813\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022.png 3840w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Axie-Infinity-AXS-16.59.39-06-May-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-232813\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\" target=\"_blank\" rel=\"noopener\">Santiment<\/a><\/figcaption><\/figure>\n<h3>Coping strategy #2<\/h3>\n<p>Meanwhile, The Sandbox [SAND], was trading at $2.07 after diving by 12.98% in the past day and plunging by 16.35% in the last week. However, those invested in the 40th biggest crypto by market cap weren&#8217;t as keen as AXS users to hold on to their investments, as SAND&#8217;s exchange supply was rising sharply at press time. This has been a long-term trend for the metaverse asset, with users generally more keen on <a href=\"http:\/\/ambcrypto.com\/sand-land-sales-to-transaction-volumes-heres-everything-that-is-ailing-the-token\/\" target=\"_blank\" rel=\"noopener\">taking their profits<\/a>.<\/p>\n<figure id=\"attachment_232829\" aria-describedby=\"caption-attachment-232829\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-232829\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022.png 3840w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/The-Sandbox-SAND-17.22.33-06-May-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-232829\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\" target=\"_blank\" rel=\"noopener\">Santiment<\/a><\/figcaption><\/figure>\n<h3>Coping strategy #3<\/h3>\n<p>On the other hand, Decentraland [MANA] saw some truly eyebrow-raising metrics. The 39th biggest crypto by market cap was trading at $1.44 after losing 11.26% of its value in a day and dropping by 19.16% in a week. However, MANA supply on exchanges has been touching all-time-highs since about December 2021. Yet, the latest drop in price did lead to some outflows, suggesting that investors were buying the dip.<\/p>\n<figure id=\"attachment_232831\" aria-describedby=\"caption-attachment-232831\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-232831\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022.png 3840w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/05\/Decentraland-MANA-17.28.13-06-May-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-232831\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\" target=\"_blank\" rel=\"noopener\">Santiment<\/a><\/figcaption><\/figure>\n<h3>What doesn&#8217;t kill you. . .<\/h3>\n<p>All in all, it looks like metaverse tokens are suffering at the moment, but <a href=\"https:\/\/blog.chainalysis.com\/reports\/chainalysis-web3-report-preview-nfts\/?utm_campaign=twitter&amp;utm_source=OrganicSocial&amp;utm_content=Thread\" target=\"_blank\" rel=\"noopener\">Chainalysis&#8217; new report<\/a> made it clear that the NFT scene isn&#8217;t about to die out. The report <a href=\"https:\/\/blog.chainalysis.com\/reports\/chainalysis-web3-report-preview-nfts\/?utm_campaign=twitter&amp;utm_source=OrganicSocial&amp;utm_content=Thread\" target=\"_blank\" rel=\"noopener\">noted<\/a>,<\/p>\n<blockquote><p>&#8220;Overall, collectors have sent over $37 billion to NFT marketplaces in 2022 as of May 1, putting them on pace to beat the total of $40 billion sent in 2021.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Looking at the charts for the top 100 cryptos today, you would have likely seen a lot of near vertical drops in price as Bitcoin tumbled down by 8.20% in the last day to trade at $36,339.18\u00a0at press time. Meanwhile, Ether [ETH] dropped by 6.93% to hit prices of $2,728.08. However, it&#8217;s all too easy<a href=\"https:\/\/ambcrypto.com\/axs-sand-mana-how-did-the-metaverse-tokens-react-after-the-latest-correction\/\">Continue reading <span class=\"sr-only\">&#8220;AXS, SAND, MANA: How did the metaverse tokens react after the latest correction&#8221;<\/span><\/a><\/p>\n","protected":false},"author":48,"featured_media":232834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[1320],"class_list":["post-232803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-mana"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AXS, SAND, MANA: How did the metaverse tokens react after the latest correction - AMBCrypto<\/title>\n<meta name=\"description\" content=\"How did these newer categories of metaverse tokens fare after the latest bear attack? 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