Gaming / Metaverse · Gaming / Metaverse
The Sandbox all-time high and real returns SAND
A virtual world where players buy land, build games and sell digital assets.
The Sandbox all-time highs and real returns
In dollars and pounds, before and after inflation, since Aug 2020.
−30.1%The Sandbox after US inflation since Aug 2020−5.6% a year
Down 9.9% in dollars since Aug 2020. After US inflation, down 30.1%. Against money printing, down 28.9%.
In pounds, down 8.9%, or down 31.1% after UK inflation.
- $ nominal
- −9.9%−1.7% a year
- £ nominal
- −8.9%−1.5% a year
- Real $ (US CPI)
- −30.1%−5.6% a year
- Real £ (UK CPI)
- −31.1%−5.9% a year
- vs US M2
- −28.9%−5.4% a year
- Measured from
- Aug 2020to Oct 2026, 6 years 2 months
- The Sandbox, Real $ (US CPI)$0.0631
- $ nominal$0.0631
- Oct 2026, latest
Loading the chart. Every figure is also in the table below.
| Period | $ nominal | £ nominal | Real $ (US CPI) | Real £ (UK CPI) | vs US M2 |
|---|---|---|---|---|---|
| Past year from Oct 2025 | −68.8% | −69.0% | –a (see note a) | −69.8% | −70.2% |
| 5 years from Oct 2021 | −96.0% −47.4% a year | −95.8% −47.1% a year | −96.7% −49.4% a year | −96.7% −49.5% a year | −96.4% −48.4% a year |
| Since Aug 2020 first month in our data | −9.9% −1.7% a year | −8.9% −1.5% a year | −30.1% −5.6% a year | −31.1% −5.9% a year | −28.9% −5.4% a year |
- a US CPI was not published for Oct 2025.
On month-end closes, The Sandbox's highest price was $6.792 in Nov 2021, which is $8.186 in Oct 2026 dollars after US inflation. The latest close of $0.0631 is 99.2% below the real high. The intraday record, $8.400 on 24 November 2021, is higher than any month-end close.
Cycle peaks, falls and recoveries
Month-end highs followed by a fall of 50% or more, and the high that stands today, in Oct 2026 money.
| Peak | $ then | Today's $ (US CPI) | £ then | Today's £ (UK CPI) | vs M2 today | Fall after | Back above, $ | Back above, real $ |
|---|---|---|---|---|---|---|---|---|
| Mar 2021 Cycle peak | $0.8007 | $1.013 | £0.5804 | £0.7619 | $0.9404 | −69.4% low Jun 2021 | 5 months | 5 months |
| Nov 2021 All-time high | $6.792 | $8.186 | £5.126 | £6.428 | $7.430 | −99.4% low Aug 2026 | Not yet | Not yet |
Return since our first month and since each cycle low
From the month-end close in the first column to Oct 2026.
| From | $ then | $ nominal | Real $ (US CPI) | Real £ (UK CPI) | vs US M2 |
|---|---|---|---|---|---|
| Aug 2020 First month in our data | $0.0700 | −9.9% −1.7% a year | −30.1% −5.6% a year | −31.1% −5.9% a year | −28.9% −5.4% a year |
| Jun 2021 Cycle low | $0.2449 | −74.2% −22.5% a year | −79.1% −25.4% a year | −79.2% −25.5% a year | −77.4% −24.3% a year |
| Aug 2026 Lowest since the high | $0.0382 | +65.2% | +65.2% | +69.1% | +65.2% |
Every month SAND closed at a new high
7 month-end closes above every earlier one
| Month | Close, $ | Today's $ (US CPI) |
|---|---|---|
| Nov 2021 | $6.792 | $8.186 |
| Oct 2021 | $1.571 | $1.903 |
| Aug 2021 | $0.9534 | $1.167 |
| Mar 2021 | $0.8007 | $1.013 |
| Feb 2021 | $0.2204 | $0.2807 |
| Jan 2021 | $0.0832 | $0.1065 |
| Aug 2020 | $0.0700 | $0.0902 |
How these figures are worked out
Sources, inflation measures and what is left out
- Month-end closes from Binance, Aug 2020 to Oct 2026. Oct 2026 is still in progress, so its figure is the latest close rather than a month-end. Our history for The Sandbox starts in Aug 2020, so longer windows are left out.
- Real figures divide by US CPI (BLS, via FRED) or UK CPI (ONS, joined to the ONS long-run RPI before Jan 1988) and are stated in Oct 2026 money. The M2 lens divides by the US M2 money supply (Federal Reserve, via FRED). Pounds convert at each month's GBP/USD rate.
- US CPI is published with a lag: Oct 2026 uses the Aug 2026 figure.
- UK CPI is published with a lag: Oct 2026 uses the Aug 2026 figure.
- US M2 is published with a lag: Oct 2026 uses the Aug 2026 figure.
- A return of 12 months or more also shows its yearly rate. Gaps in a source are left as gaps and never filled in.
The Sandbox at a glance
- Down 9.9% in dollars since Aug 2020, down 30.1% after US inflation
- Down 28.9% against the US M2 money supply since Aug 2020
- 99.2% below its highest month-end close in today's money (Nov 2021)
- The Sandbox is at $0.0596, 99% below its $8.400 all-time high
- Bargain Score 65.4 out of 100, in the Discount zone
Key numbers
- Market cap $175.0m Rank 203
- 24-hour volume $37.1m
- 7 days -10.2%
- 30 days +70.8%
- Circulating supply 2.9bn Of a maximum 3.0bn
- Risk level Medium
- Listed on 4 of 5 Coinbase, Binance, Kraken, Revolut
Why it sits in this zone
The Sandbox sits in the Discount zone with a Bargain Score of 65, meeting at least three of the model's buy-side conditions (Price 99.2% below ATH, greed high and funding negative). Since its $8.40 peak in November 2021, The Sandbox has lost 99.3% of its value, a 141-fold gap back to the high that few coins have closed in past cycles.
What drives the score
The largest weighted part of the score is price distress, at 1.00 out of 1, while derivatives positioning contributes least at 0.20. It has come through one full market cycle by the model's definition, and its chance of a new all-time high is rated High. Gaming and metaverse tokens like this one depend on players and new releases, and as a group they have been slow to recover from the 2021 peak.
Where the cycle targets come from
The cycle targets of $8.82, $9.66 and $10.92 are anchored to the previous all-time high, because a reduced repeat of The Sandbox's past range would not reach it, so the low scenario sits just above the old high, a 14,707% move from today's price.
The Sandbox: questions people ask
What was The Sandbox's all-time high in today's money?
The Sandbox's highest recorded price was $8.400 on 24 November 2021, from CoinGecko's record of intraday trades. Restated with US CPI to Oct 2026, that is $10.12 in today's dollars. In pounds it was £6.339 at the time, or £7.950 after UK inflation.
On month-end closes, which is what our tables use, the peak was $6.792 in Nov 2021, worth $8.186 today. The latest price is 99.2% below the real high.
Has The Sandbox beaten inflation since Aug 2020?
Our monthly history for The Sandbox starts in August 2020. Since then it is down 9.9% in dollars and down 30.1% after US inflation, so it has not kept up with inflation over that stretch. Measured in pounds after UK CPI the figure is down 31.1%. Against the US M2 money supply it is down 28.9%.
How long did The Sandbox take to recover from past crashes?
After the Mar 2021 peak of $0.8007 it fell 69.4% by Jun 2021, and closed above the old high again after 5 months. In real terms it took 5 months. After the Nov 2021 peak of $6.792 it fell 99.4% by Aug 2026, and has not closed above that high since. In real terms it has not recovered.
These use month-end closes, so intraday highs and lows were more extreme.
How far is The Sandbox below its all-time high?
The Sandbox is 99.3% below its all-time high of $8.40, which it set on 24 November 2021, and its all-time low is $0.029, from November 2020. Getting back to the high from today's price of $0.0596 would take a rise of about 14,002%. These figures come from CoinGecko and refresh every five minutes.
What is The Sandbox's Bargain Score?
The Bargain Score is 65.4 out of 100 (Meaningful discount). It combines the discount from the previous high, market sentiment, momentum and the coin's track record across past cycles. On our zone scale that places The Sandbox in the Discount zone: Price 99.2% below ATH · greed high · funding negative · longs crowded. This describes current conditions; it is not a recommendation.
What do the The Sandbox cycle scenarios assume?
Low cycle target $8.820 (Previous ATH + 5% (the model’s cycle multiple lands below the previous high).). Base cycle target $9.660 (Previous ATH + 15%: a return to the previous high (the model’s cycle multiple lands below it).). High cycle target $10.92 (Previous ATH + 30% (the model’s cycle multiple lands below the previous high).). Each is the price the coin would reach if a smaller version of its past cycle repeated, not a loss case. They come from a model of past cycles and can be badly wrong.
How fearful is the crypto market right now?
The Crypto Fear & Greed Index reads 62 (Greed). Low readings mean fear, high readings mean greed. The Bargain Score uses it as one input, because past cycle lows tended to arrive during extreme fear.
What zone is The Sandbox in today?
With a Bargain Score of 65, The Sandbox is in the Discount zone: enough buy-side conditions line up, among them Price 99.2% below ATH, greed high and funding negative, but not all of the strict ones the Deep discount zone needs. Rather than a recommendation, the label is a reading of where The Sandbox's price and the wider market sit against the model's rules at this moment, and because the Fear & Greed value and the daily RSI both update at midnight UTC, just after midnight is when it is most likely to change. The 4-dot meter beside it shows where that zone sits on the five-step scale, from one dot for Expensive to five for Deep discount.
How long have The Sandbox's past recoveries taken?
The Sandbox has had two earlier falls of 50% or more in our price history: after its $0.7919 peak in March 2024 it fell 71% and took 9 months to close above that level again, in December 2024; after its $0.9345 peak in December 2024 it fell 96% and has not closed above that level since. Those are the only data points we have for this coin, which is too few to say anything reliable about the next recovery, since market conditions, supply and competition are different each cycle and some coins never regain a previous high.
What are the cycle targets for The Sandbox?
The model starts from The Sandbox's full range, its all-time high of $8.40 divided by its all-time low of $0.029, which is roughly 290-fold. It shrinks that multiple with a decay factor, on the assumption that each cycle is smaller than the last, and applies it from the low. For The Sandbox that reduced repeat would not reach the old high, so the targets are anchored just above it instead, at $8.82, $9.66 and $10.92, which puts the low scenario 14,707% above today's price. They describe what a reduced repeat of the past would look like and say nothing about whether that will happen. Cryptoassets are high risk, and you should be prepared to lose all the money you put into them.
Important information
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Cryptoassets are largely unregulated in the UK, so you are unlikely to have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong. Educational information only, not financial advice. Read our disclaimer.
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