The Sandbox (SAND) Price: GameFi Season Returns as SAND Gains 25% in a Week

TLDR

• The Sandbox (SAND) has increased by 25% over the past week, following similar gains seen in other GameFi tokens like Axie Infinity.
• SAND is currently trading around $0.144 and recently found support at the 50-day EMA level of $0.134.
• Whale wallets holding between 10 million and 100 million SAND tokens accumulated 94.39 million tokens between January 15 and January 21.
• Open interest in SAND futures rose from $26.28 million on Friday to $54.07 million on Monday, indicating new money entering the market.
• SAND needs to close above $0.145 to confirm another upward move, with resistance at $0.163 and support holding at $0.14.

The Sandbox has posted a 25% gain over the past seven days. The price movement comes as the GameFi sector experiences renewed activity in January 2026.

SAND is currently trading at approximately $0.144. The token found support at its 50-day exponential moving average of $0.134 on Tuesday before rebounding.

The gains follow a pattern similar to Axie Infinity, which surged 115% in the same period. However, both tokens remain down 98% from their 2021 all-time highs.

The Sandbox’s market cap currently stands at $385 million. Daily spot trading volume reached $98 million, with Binance futures volume just over $100 million.

On-chain data shows whale wallets are accumulating SAND. Wallets holding between 10 million and 100 million tokens added 94.39 million SAND between January 15 and January 21.

Another group holding between 100,000 and 1 million tokens also participated in the accumulation. During the same timeframe, wallets with 1 million to 10 million tokens reduced their holdings by 14.87 million.

Derivatives Data Points to Continued Interest

Open interest in SAND futures increased from $26.28 million on Friday to $54.07 million on Monday. The metric has remained steady since then.

Rising open interest typically indicates new money entering the market. This pattern often supports continued price movement.

Exchange netflow data shows three consecutive days of negative netflow since Sunday. This means more SAND is being withdrawn from exchanges than deposited, reducing potential selling pressure.

Gaming-focused tokens including The Sandbox, Axie Infinity, and Decentraland have collectively gained 33.1% this month. The sector performance suggests renewed interest in GameFi projects.

Price Levels and Technical Indicators

The Sandbox needs to close above $0.145 to confirm another leg up. This would clear the current consolidation zone between $0.14 and $0.145.

If the breakout occurs, the next target sits at the January high of $0.163. The 100-day exponential moving average also sits at $0.159.

Support remains at $0.14. A break below this level could send SAND back to $0.133.

The Relative Strength Index on the daily chart reads 62, above the neutral level of 50. The Moving Average Convergence Divergence indicator shows a bullish crossover with rising green histogram bars.

Daily trading volume for Axie Infinity has exceeded $500 million, with 24-hour spot volume over $480 million. This volume exceeds AXS’s market cap of $340 million.

For SAND to replicate similar moves, traders are watching for volume to exceed the token’s market cap. This type of activity signals strong demand and often precedes large price movements.

The Sandbox experienced a 20% gain on Saturday but faced rejection at the 100-day moving average. The token declined 9.71% over the following two days before finding support.

As of Wednesday, SAND is trading 7% higher at $0.148. The token rebounded after retesting the 50-day moving average at $0.134 on Tuesday.

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