The Sandbox’s SAND jumps 62.5% after Korean exchanges lift trading cautions

  • Upbit, Bithumb and Coinone removed SAND trading caution designations on October 2.
  • SAND rose 62.5% to $0.07678 on October 3 after transfers resumed.
  • The August bridge exploit led The Sandbox to close bridging on Base and BNB Smart Chain.

The Sandbox’s SAND rose 62.5% in 24 hours to $0.07678 on October 3 after Upbit, Bithumb and Coinone removed trading caution designations imposed following the August 22 exploit of the project’s cross-chain bridge. The decision restored deposits and withdrawals for Korean holders after roughly six weeks, although spot trading had largely continued during the review. SAND reached a 24-hour high of $0.08397 and recorded $951.51 million in trading volume against a $230.40 million market capitalization. The rally triggered $13.47 million in liquidations, led by short positions, while perpetual futures open interest stood at $1.465 billion. The price move does not reopen the Base or BNB Smart Chain bridge, and The Sandbox continues to warn users against trading SAND on those networks.

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