SAND Skyrockets 53.7% as Korean Exchanges Lift Trading Caution

The price of SAND surged 53.7% on October 2, 2026, after three major South Korean exchanges, Upbit, Bithumb, and Coinone, lifted their trading caution designations that had been in place since August.

The caution labels were imposed due to an abnormal token minting issue on The Sandbox's cross-chain bridge. Their removal signaled to traders that a key overhang had eased, allowing SAND to break out of its 90-day range and reach $0.0688.

Analysts noted that the move was driven by a localized decision on access and perceived risk in one important market, rather than a broad crypto rebound or macro narrative.

The rally left SAND stretched fast, with the 14-day Relative Strength Index (RSI) rising to 83.77, indicating potential overheating.