Major cryptocurrencies maintained their volatile movement as metaverse tokens like as Decentraland and The Sandbox traded at yearly low price levels.

Metaverse coins and tokens have been following the trend of the larger market, mostly trading within a downtrend line. Decentraland (MANA) and Sandbox (SAND), two of the top tokens in the metaverse, were trading at low yearly prices.

While the price action gave a gloomy outlook for both SAND and MANA, their on-chain metrics showed some big changes. However, which direction the price action will take from here remains to be seen.

Decentraland (MANA) Whales moving farms

MANA price was trading at $0.4587, at the time of writing, down 92.15% from its all-time high reached in November 2021. While the price action was largely bearish, some positive news came…