Sandbox Bulls Outrun Smart Money as Gaming Sector Surges

Sandbox [SAND] has seen significant growth in the past 24 hours, surging by over 10% and becoming one of the top-performing gaming tokens. The entire gaming sector is up by more than 2.32%, with a total market value exceeding $5.15 billion.

The increase in SAND's price can be attributed to capital inflows from whales, which outweigh smart money selling pressure. According to Nansen AI data, whales have long positions worth over $157K, ten times the value of net positions by smart money.

SAND's price has broken through two descending moving averages and a horizontal supply zone at $0.0537. The altcoin has turned its 200 and 100 EMAs into support, with volume exploding as seen in the chart.