These 3 Popular Metaverse Cryptos Are Getting Kicked in the Pants Today
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.
Source Fool.com
