SAND minted 329 trillion unbacked tokens in 5 hours
The Sandbox (SAND)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that a bridge configuration flaw on Base and BNB Smart Chain allowed attackers to hijack LayerZero delegate permissions. This vulnerability enabled the minting of 329 trillion unbacked SAND tokens within a five-hour window. Attackers drained approximately $675,000 from the Ethereum vault before the team shut everything down.
How the market reacted
Whalio's own Binance spot order flow for SAND, measured when this story was written up on 30 August 2026. Not the outlet's figures.
SAND is trading at $0.03876 with a 1-hour buy ratio of 53.9%, indicating a short-term shift toward buying pressure compared to the 49.8% ratio over the past 4 hours. However, the 24-hour buy ratio sits at 41.4%, showing that buying interest remains below parity over the longer timeframe. The 1-hour volume delta is positive at +$1,715, suggesting immediate inflows, whereas the 4-hour and 24-hour deltas are negative at -$455 and -$164,876 respectively. This divergence implies that while recent trades favor buyers, the broader 24-hour trend is dominated by net selling, as evidenced by a closing CVD of -$133,929.
The latest daily buy ratio of 50.3% sits at the 54th percentile of the last 281 days, against a median of 50.0% - ordinary for this coin.
Twenty-four hours later
What SAND did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for SAND, averaged over the days leading up to the story.
Over the preceding week, SAND experienced a 14.1% price decline with a total volume delta of -$771,964. The current 24-hour spot volume of $965,842 is significantly lower than the weekly average activity, operating at just 0.45x the typical volume. Furthermore, the 24-hour buy ratio of 41.4% is 4.4 points below the 7-day average of 45.9%, indicating a weaker buying sentiment than usual. With only 2 days of net buying recorded in the last 7 days, this represents an unusually quiet and bearish period for the asset.