The Sandbox (SAND) Gains 2.83%: What’s Driving Today’s Price Strength?
The Sandbox $SAND is trading higher today, rising 2.83% to around $0.1398, as interest returns to select metaverse and gaming-related tokens. The move is supported by a market cap of $373.05 million, which has increased in line with price, suggesting steady accumulation rather than a thin, speculative bounce.
One of the strongest signals behind today’s uptick is activity. 24-hour trading volume surged 54.59% to $81.74 million, pushing the volume-to-market-cap ratio to 21.78%. This level often reflects renewed trader engagement and improving liquidity, especially after periods of consolidation. Increased volume indicates that buyers are stepping in with more conviction, even if the overall move remains moderate.
From a supply perspective, 2.66 billion SAND are currently in circulation out of a 3 billion total supply, meaning most tokens are already unlocked. This reduces surprise inflation risk and allows price action to respond more directly to demand changes. With nearly 369,000 holders, The Sandbox continues to benefit from a broad community base.
Overall, today’s rise appears driven by higher participation and cautious optimism rather than a single major catalyst, keeping SAND’s outlook tied closely to broader market sentiment.
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