The sharp increase in the trading volume of asset #sand indicates a rise in activity and interest. This could drive prices further up.

The token SAND, which powers the metaverse platform "The Sandbox," has surged 55% in the past 24 hours, showing a significant upward momentum. This performance far exceeds the 1% increase seen in major assets like Bitcoin and Ethereum during the same period. The trading volume of SAND has also increased dramatically, exceeding $1.91 billion, which is an increase of over 500% in 24 hours.

According to on-chain data, daily SAND transactions have significantly increased, and selling pressure has eased. These factors all suggest the possibility of a continued upward trend.

SAND trading volume has surged sharply in recent days.

According to the cryptocurrency on-chain platform CryptoQuant, daily SAND trading volume has surged sharply over the past few days. For example, on November 23, there were 2,940 transactions related to SAND, the highest in the past 7 days. This is a positive signal for metaverse-based tokens. The sharp increase in asset trading volume indicates a rise in activity and interest. This means that both demand and participation from market participants have increased. It also suggests that confidence in the price of SAND is strengthening, which could drive prices further up.