Sandbox's SAND token surged nearly 15% on January 17, breaking through its 20-day and 50-day moving averages. The rally was accompanied by a spike in daily spot trading volume to approximately $140 million, and open interest increased to around $25 million, indicating renewed market and speculative interest. On-chain data shows a steady increase in the number of holders, further confirming a positive shift in the token's short-term market structure.
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Sandbox's SAND token surged nearly 15% on January 17, breaking through its 20-day and 50-day moving averages. The rally was accompanied by a spike in daily spot trading volume to approximately $140 million, and open interest increased to around $25 million, indicating renewed market and speculative interest. On-chain data shows a steady increase in the number of holders, further confirming a positive shift in the token's short-term market structure.