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Sandbox token SAND rallies 260% in November ahead of play-to-earn metaverse launch
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SAND, the native token of the Sandbox — a blockchain-based gaming platform owned by Animoca Brands, inched higher on Tuesday, building on its gains made all across November, to reach another record high.
SAND token price rose to $5.64 after swelling 16.25% intraday but retraced some of those gains to trade at $5.54 at the press time. The move took the Sandbox token's month-to-date (MTD) and year-to-date (YTD) gains to nearly 260% and over 14,700%, respectively, with its market capitalization crossing above $5 billion, making it the 41st-largest coin in the sector.
This month's exuberance was in part attributable to Sandbox's announcement of opening up part of its metaverse via its multi-week play-to-earn (P2E) Alpha event beginning Nov. 29,
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