|

Sandbox price posts double-digit gains after partnership with global banking giant HSBC

  • Sandbox price has posted nearly 10% gains overnight in a continuation of the metaverse token’s uptrend. 
  • British multinational investment bank HSBC has entered the Sandbox metaverse engaging with esports and gaming fans. 
  • The bank would buy and develop a virtual plot in Sandbox; promotional images reveal an HSBC stadium in the metaverse. 

Sandbox price exploded with nearly 10% gains over the past day as global banking giant HSBC announced a partnership with the metaverse token. HSBC has unveiled plans to buy and develop a virtual plot in the Sandbox metaverse. 

Sandbox price rallies with HSBC’s metaverse push

Sandbox price posts nearly double-digit gains as it partners with HSBC and powers the multinational bank’s entry in the metaverse. HSBC, a London headquartered multinational investment bank is among the first global banking giants to enter the metaverse through their partnership with Sandbox. 

HSBC will buy a digital plot in the Sandbox metaverse and engage with esports and gaming fans through a stadium. Suresh Balaji, chief marketing officer at HSBC Asia-Pacific, was quoted as saying that the partnership would enable the banking giant to “create innovative brand experiences for new and existing customers.”

The bank is yet to share additional details about the partnership; the promotional video reveals a virtual HSBC stadium by a water body in the Sandbox metaverse. 

Global brands and fashion houses have entered the metaverse with Sandbox. Warner Music Group, The Walking Dead and Adidas are among the top brands working with Sandbox. 

Analysts at the crypto intelligence firm IntoTheBlock have noted a renewed interest in Sandbox. Analysts reported a 32.37% increase in new traders holding Sandbox’s metaverse token SAND for less than a month. 

Sandbox addresses that held SAND for < 1 month

Sandbox addresses that held SAND for < 1 month

In February, another banking giant and competitor, JPMorgan, acquired real estate in the Decentraland metaverse to build a virtual lounge for customers. 

Sandbox price rallied in response to HSBC’s entry in the metaverse. Analysts have evaluated the Sandbox price trend and noted a bullish divergence on the metaverse token’s chart. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.