From $8.40 to $0.043, and now the metaverse veteran is somehow up 3% against the trend? $SAND
Current price: $0.04329, 24h +3.07%—but down 33.6% over 30 days and still 99.5% below its 2021 high.
Project overview: The Sandbox is a voxel-based metaverse UGC gaming platform where players create their own voxel assets and gaming experiences and trade on-chain. SAND is the ecosystem utility token, used for trading, governance, and staking. It is owned by Animoca Brands and categorized by CoinGecko under gaming / GameFi / metaverse.
Catalysts: In an official update on November 5, Sandbox Studio said it is beta-testing real-time multiplayer with creators (1v1, 2v2, 4v4, and 8-player free-for-all, including matchmaking and lobbies), along with its first in-game store and a shared Avatar system. The team said it needs a few more weeks of refinement before the public beta, but gave no specific date. The Game Creator Bounty runs November 4–16, with a total prize pool of $5,000 and $50 for each eligible game.
Market data: Current price $0.04329 (Binance perpetuals, 2026-11-10 20:06 CST), 24h +3.07%, range $0.04196–$0.04403; 24h perpetuals volume about $13.89 million across 165,000 trades; open interest 160 million tokens, worth about $6.9 million; funding rate -0.021%/8h (shorts pay), next settlement November 11 at 00:00 CST; market cap about $127 million (ranked No. 221), FDV about $129 million; circulating supply 2.938 billion / total supply 3 billion (97.9%); 7 days -3.6%, 30 days -33.6%; down about 99.5% from its November 2021 high of $8.40, and about 29% above its September 2026 low of $0.0335. Compared with $BTC $74,337 (-0.12%) and $ETH $2,091 (-1.20%), the broader market is flat while $SAND is rebounding against the trend.
Risks: Down by a third over 30 days, with the price still below all major moving averages; the trend has not reversed. There is no firm date for the Studio public beta, so the catalyst timing is uncertain. Discord membership fell by 5,807 to 249,658, indicating waning interest. Market cap is only $127 million and open interest only $6.9 million, meaning liquidity is thin. It has underperformed $BTC over the past year, and interest in the metaverse sector has cooled.
What to watch next: Whether $0.04403 (the 24h high) can hold, and the $0.04196 low; the Studio public beta launch date; the number of entries after the bounty closes on November 16; and the funding rate settlement on November 11 at 00:00.
Can multiplayer and the store bring SAND back from $0.04, or has the metaverse narrative run its course?
For informational purposes only; this is not investment advice.
Current price: $0.04329, 24h +3.07%—but down 33.6% over 30 days and still 99.5% below its 2021 high.
Project overview: The Sandbox is a voxel-based metaverse UGC gaming platform where players create their own voxel assets and gaming experiences and trade on-chain. SAND is the ecosystem utility token, used for trading, governance, and staking. It is owned by Animoca Brands and categorized by CoinGecko under gaming / GameFi / metaverse.
Catalysts: In an official update on November 5, Sandbox Studio said it is beta-testing real-time multiplayer with creators (1v1, 2v2, 4v4, and 8-player free-for-all, including matchmaking and lobbies), along with its first in-game store and a shared Avatar system. The team said it needs a few more weeks of refinement before the public beta, but gave no specific date. The Game Creator Bounty runs November 4–16, with a total prize pool of $5,000 and $50 for each eligible game.
Market data: Current price $0.04329 (Binance perpetuals, 2026-11-10 20:06 CST), 24h +3.07%, range $0.04196–$0.04403; 24h perpetuals volume about $13.89 million across 165,000 trades; open interest 160 million tokens, worth about $6.9 million; funding rate -0.021%/8h (shorts pay), next settlement November 11 at 00:00 CST; market cap about $127 million (ranked No. 221), FDV about $129 million; circulating supply 2.938 billion / total supply 3 billion (97.9%); 7 days -3.6%, 30 days -33.6%; down about 99.5% from its November 2021 high of $8.40, and about 29% above its September 2026 low of $0.0335. Compared with $BTC $74,337 (-0.12%) and $ETH $2,091 (-1.20%), the broader market is flat while $SAND is rebounding against the trend.
Risks: Down by a third over 30 days, with the price still below all major moving averages; the trend has not reversed. There is no firm date for the Studio public beta, so the catalyst timing is uncertain. Discord membership fell by 5,807 to 249,658, indicating waning interest. Market cap is only $127 million and open interest only $6.9 million, meaning liquidity is thin. It has underperformed $BTC over the past year, and interest in the metaverse sector has cooled.
What to watch next: Whether $0.04403 (the 24h high) can hold, and the $0.04196 low; the Studio public beta launch date; the number of entries after the bounty closes on November 16; and the funding rate settlement on November 11 at 00:00.
Can multiplayer and the store bring SAND back from $0.04, or has the metaverse narrative run its course?
For informational purposes only; this is not investment advice.
