SAND surges 62% as altcoins rally; Blast shuts down
The Sandbox (SAND)
Editor:
Eugene Serbin
Lookonchain.com reports that the altcoin sector experienced broad gains, with SAND leading the charge by rising 62.52% in 24 hours to trade at $0.06998. Other tokens also posted strong gains, including ENJ up 27.88% to $0.03729, GTC up 22.10% to $0.12388, and MANA up 19.10% to $0.1054. Additional gainers included SKY at $0.09402, up 18.94%, GALA at $0.002655, up 17.53%, MAGIC at $0.0605, up 15.02%, and SUPER at $0.2275, up 14.96%.
In a separate development, Blast announced plans to end mainnet operations, causing the BLAST token to drop more than 25%. Following the announcement, Upbit placed BLAST on its watchlist and Bithumb added it to its trading attention list. Meanwhile, the Bitwise NEAR ETF recorded cumulative net inflows exceeding $50 million.
The HIP-3 auction added two new lots, GLW and GDX, with a total payment of 1107.25 HYPE. A crypto whale’s 10x long position on WLD generated an approximate return of 655%. In other market movements, spot silver fell below the $60 threshold to trade at $59.916.
How the market reacted
Whalio's own Binance spot order flow for SAND, measured when this story was written up on 2 October 2026. Not the outlet's figures.
SAND is currently trading at $0.04505 on Binance Spot, showing a mixed short-term buying signal. The 1-hour buy ratio stands at 52.2%, indicating slightly more buyers than sellers in the immediate term, while the 4-hour ratio is 48.6%, suggesting a near-even split. However, the 24-hour buy ratio has dropped to 45.2%, revealing that over the full day, sellers have dominated the market. Volume delta data reflects this longer-term bearish pressure, with a negative $225,197 over 4 hours and a negative $160,915 over 24 hours. In contrast, the 1-hour volume delta is positive at $71,786, showing a brief burst of buying activity. Cumulative Volume Delta (CVD) for the 24-hour close is positive at $2,494,441, indicating that despite lower volume, the net flow of orders has been bullish over the day. There were 16 hours of net buying out of 24, with a total spot volume of $1,709,138 across 28,177 trades.
The latest daily buy ratio of 48.7% sits at the 33rd percentile of the last 322 days, against a median of 49.9% - ordinary for this coin.
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’s average buy ratio was 48.9%, meaning the current 24-hour ratio of 45.2% is 3.8 percentage points lower than the weekly norm. This indicates that today’s trading has been less favorable for buyers compared to the recent average. Volume has also been subdued, measuring at 0.88x the weekly average, suggesting reduced interest. Only one day out of the past seven showed net buying, highlighting that this is not an ordinary day for accumulation. The price change over eight days was +5.5%, with a total volume delta of -$377,977, showing that despite the recent rally, the weekly trend has seen net outflows.