TL;DR
- SAND recorded a rise of up to 52% following the removal of trading alerts on Korean exchanges such as Coinone, Bithumb and Upbit.
- The token reached $0.0736 before pulling back to $0.0683, with a daily RSI of 83.5, above the conventional overbought threshold of 70.
- Futures volume exceeded $884 million in 24 hours, about 5.7 times spot volume, with $4.4 million in liquidated positions, mostly shorts.
The token SAND, the native asset of the virtual economy of The Sandbox, recorded a rise of up to 52% after three Korean exchanges —Coinone, Bithumb and Upbit— removed their trading warning designations on the asset.
According to data from CoinMarketCap, the price currently stands at $0.0607, with a gain of 36% over the last 24 hours and a volume that surged 2,451%, exceeding $503 million, a figure that stands out against a market capitalization of just $178 million.
샌드박스(SAND) 거래 유의 종목 지정 해제
샌드박스(SAND)의 거래 유의 종목 지정 해제되었습니다.
Investment warning period for SAND has been lifted.
🔗 Discover more: https://t.co/Q2g3U8BAea
— Upbit Korea (@Official_Upbit) October 2, 2026
SAND Managed to Lift the Warnings
Coinone was the first to act. The platform removed its trading caution designation and announced the resumption of deposits and withdrawals at 16:00 KST on October 2, equivalent to 07:00 UTC. The exchange had imposed the warning following a security incident that occurred on August 22 and caused harm to users.
According to the official statement, the project’s explanations and available public documentation were sufficient to resolve the reasons that motivated the designation. Bithumb also removed its warning and scheduled the resumption of transfers at the same time. Upbit, for its part, indicated that SAND deposits would reopen shortly after lifting its own designation.
A Demanding Technical Resistance
From the peak of $0.0736, the token pulled back 7.2% to $0.0683 in the following hours. Technical analysis identifies the $0.060–$0.062 zone as the most relevant first horizontal support, associated with the June rebound. Above that level sits the 200-session moving average, near $0.0571, which SAND managed to surpass during the session. Maintaining the price above that average at the daily close would strengthen the validity of the breakout.
In the futures market, a volume of $884 million was recorded in 24 hours, nearly quintupling spot volume. Short position liquidations totaling $4.4 million helped fuel the rally. The restoration of deposits, however, will also allow holders to move SAND to exchanges to sell it, which means buyers will need to absorb any additional supply that reaches the market in the coming days.
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