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The Sandbox drops over 10% amid gaming sector correction and reduced selling pressure.

Market News
07 Oct 2026
AMBCrypto
View Source
Bearish
The Sandbox drops over 10% amid gaming sector correction and reduced selling pressure.

The Sandbox (SAND) fell more than 10% in the last 24 hours as the gaming sector entered a correction phase after strong gains in September. Trading volume in the sector dropped 23%, and SAND's daily mentions and engagement also declined, signaling reduced market interest. Despite the short-term downtrend, selling pressure has eased significantly, with 17 million tokens leaving exchanges recently, indicating spot buying. The market shows a tug-of-war between retail investors and whales against bearish smart money, keeping the outlook uncertain but with potential support around $0.06 and resistance near $0.085.

Following the recent sell-off in The Sandbox, SAND shows a strong recovery on Pluang, trading up 14.40% at Rp1,338 as of Oct 07, 2026 13:21 WIB. The market cap stands at Rp3.87 trillion with a 24-hour trading volume of Rp2.86 trillion. Despite the news of a sector correction, Pluang order activity indicates more selling than buying at 63% sell versus 37% buy, while the typical hold time is 123 days, suggesting a mix of short-term and longer-term investor interest.

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