SAND Bridge Exploit and Delisting Pressure: What's Next? $SAND is trading at 0.04457, up 1.2 percent on the day, but the damage from August 21 is still being priced in. The Sandbox confirmed a bridge vulnerability that let an attacker mint roughly 14.9 billion unbacked SAND across Base and BNB Smart Chain. That is nearly five times SAND's legitimate 3 billion token cap. The team disabled Base and BSC bridging and says Ethereum and Polygon SAND plus locked collateral were untouched, with genuine backing at risk under 0.01 percent of total supply. Coinbase is also delisting SAND futures on August 26, which forces settlement and adds short-term volatility. The chart: On the 1h, the higher-timeframe structure turned bullish after a BOS above 0.04685, but the latest leg is corrective. Price rejected below the 50 EMA and is now balancing between 0.04308 sell-side liquidity and 0.04685 supply. Reclaiming 0.04536 is the first sign buyers are back. The base case is a probe into 0.04308, where the 200 EMA adds confluence, then a reaction. Losing 0.04308 opens a deeper discount. What to watch: Can price hold 0.04308 on the first touch? A reclaim of 0.04536 would target 0.04685. Also watch whether liquidity providers on Base and BSC rebalance away, and how forced settlement around the delisting affects the tape. Does the under 0.01 percent backing at risk restore trust, or is the Coinbase delisting the bigger overhang? This is one of several charts the group gets each day, my bio points the way. #Altcoin Season# #Macro Insights#