SAND declined roughly
↘9%
over the past month following the
August bridge exploit that drained approximately $675K, though the team announced a
1:1 compensation plan for affected holders.
Trading activity rises amid selling pressure
Trading volume rose roughly
↗9%
over the past week while unique traders increased roughly
↗25%
over the same period, though sellers outnumbered buyers by approximately 2:1 over the past 24 hours.
Bridge exploit prompts compensation plan
The bridge configuration flaw
allowed attackers to mint phantom tokens and drain the vault on August 21-22, prompting the team to announce treasury-funded repayment within two weeks.
Short positions paying premium
Traders betting on price declines are paying roughly 0.28% every 8 hours (around 95% annually) to maintain their positions, indicating expensive short bets as of the latest snapshot.
Holders moving coins off exchanges
As of the August 31 snapshot, more coins moved off exchanges than onto them (net outflow of approximately $0.09M), while holders sold at a loss (SOPR at 0.70).