CandleFocus SAND hits yearly high after 40% rally as whales take notice
2024-12-05
Author: Content Editor
The cryptocurrency SAND, associated with the Sandbox protocol, has experienced a breakout after a period of stagnation. Its price rose by over 40% to reach a 28-month high of $1.06, and its market cap surpassed $2.27 billion. This rally coincided with increased trading volume and open interest in the futures market. The surge in price was supported by the announcement of new improvement proposals for the protocol and ongoing rewards in the Alpha Season 4. Additionally, whales have shifted their focus to SAND, leading to net inflows of tokens. The overall metaverse crypto sector has also seen a resurgence, with market cap and trading activity increasing.
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