SANDThe Sandbox

Rank #8 of 50$0.04715

CALM

86IOX RANK

Longs are not crowded here — among the least-crowded coins today on the one signal that has held up out-of-sample (directionally; still being proven live).

Higher than 86% of the 50 coins we rank today. IOX is a crowding rank (0–100), not a probability — IOX 86 does not mean a 86% chance the price goes up.

IOX 100 = least crowdedIOX 0 = most crowded

P · outperform peers · 7d50.7%

+0.7 pts off a 50% coin-flip — a modest, honest tilt.80% of 7-day outcomes land within ±8.7% — the model’s global calibration band, the same on every coin because we rank crowding, not the return.

7-day funding-0.007%/8h

IOX rank86/100

Recent & coverage

IOX rank · 7-day change82 → 86 ▲4higher = less crowded

7-day funding · change-0.004% → -0.007%per 8h

Funding vs its own range5 pctile100 = most crowded it’s been (55d)

Tracked since2026-05-3055 daily scores on record

Source: Binance perpetual funding · model iox-v1 · S=-z(funding_7d) · 1 factor (out-of-sample-tested) · recomputed daily, saved point-in-time before the outcome is known.

Tension — the coiled spring

context, not scored

The funding rate is the fee traders pay to keep a leveraged bet open. When that fee gets big — in either direction — the market in SAND is lopsided and wound up like a spring. Wound-tight coins have historically moved harder than usual over the following days; which way is unknown.

76tension pctile

relaxedwound tight

ELEVATED — More wound-up than most coins today — historically a modest lean toward bigger-than-usual moves, direction unknown.

The stretched side here is the short side — bets on a fall are paying the fee. That does not mean “it will fall”: historically a short-loaded spring snapped up (a squeeze) about as often as down.

Tension = the size of 7-day funding, sign ignored, ranked across the 68 coins scored today. Tested on 2019→2026 history including delisted coins (adding them back roughly halves the effect — we quote the smaller number). A real but modest lean, not an explosion predictor. Most of these coins have no options market — no implied-volatility gauge exists for them, so this crowding-based read is a rare forward-movement gauge. Not part of the IOX score · not advice. How we validated this →

Why this read

Its 7-day funding sits low (or negative) versus the universe — the crowd is not piled into longs, the calmer side of the spectrum.

IOX ranks SAND on one factor that held up in honest out-of-sample testing — funding crowding. It is a calibrated read of how crowded the leverage is, shown with its uncertainty — not a price prediction. On any single coin, the next move is close to a coin-flip; the small edge shows up only on average, across the whole ranked list — never on one name. And even that edge is small and not yet proven, being verified live in the open on the track record.

What this is not

Not a buy signal — a calm setup is not a guaranteed gain.
Not a short signal — a crowded setup is not an automatic short.
Not a price target or a prediction of where SAND goes next.
Not investment advice — it’s research; you decide.

On-chain cost basis

Ethereum DEX · thin data, directional only

Only a small amount of SAND is bought on-chain, so treat the numbers below as a rough direction, not a precise figure. Where recent on-chain buying sits versus today’s price — a rough read on whether the recent buying of SAND on Ethereum DEXes is in profit or underwater.

98%of the last 90 days of on-chain buying is underwaterbought above today’s price, by dollar volume

−29%volume-weighted DEX cost basis vs todaysampled ETH-DEX buys, ~90 days

Ethereum DEX trades only — not centralized exchanges or other chains, and weighted by dollar volume, not a count of people. Based on $0.6M of sampled on-chain buys through 2026-07-09. Context for the curious — not part of the IOX score, and not advice.