Upbit, Bithumb and Coinone lift SAND transaction alert after August bridge warning
Upbit, Bithumb and Coinone lifted their transaction alert on The Sandbox token SAND, which rose more than 61% in a day to briefly reach $0.07.
Why it matters
The alert had come with deposit and withdrawal restrictions, so lifting it changed how SAND could be traded on three of South Korea's exchanges. Every figure in the set comes from a single outlet, and the Korean volume data covers different assets on different days, so the scale of the reaction is not independently confirmed.
Where the sources disagree
Which asset led trading in South Korea in early October 2026
SAND about $67.4 million and XRP about $46.6 million combined on Upbit and Bithumb
Crypto News (CryptoNews.net)
XRP/KRW $72.3 million on Upbit alone, above Bitcoin's $66.4 million
Crypto News (CryptoNews.net)
XRP ranked first in South Korea, ahead of Bitcoin and Ethereum, per CoinMarketCap
U.Today
Crypto News put SAND at about $67.4 million of combined Upbit and Bithumb volume with Worldcoin and Dolphin higher, while reporting credited to Coinpedia and U.Today both described XRP as leading Korean trading two to three days later.
Key facts
Crypto News reported that Upbit, Bithumb and Coinone lifted the transaction alert applied to $SAND.
Reported by Crypto News (CryptoNews.net)
$SAND rose more than 61% during the day and briefly reached $0.07.
61 %Reported by Crypto News (CryptoNews.net)
The alert was issued in August after unusual token production on The Sandbox cross-chain bridge, during which SAND deposits and withdrawals were restricted.
Reported by Crypto News (CryptoNews.net)
SAND traded about $67.4 million across Upbit and Bithumb over 24 hours.
67,400,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
Dolphin ($POD) recorded Upbit's highest altcoin 24-hour volume at about $95.4 million.
95,400,000 USDReported by Crypto News (CryptoNews.net)
Worldcoin ($WLD) traded about $79.7 million across Upbit and Bithumb, of which about $39.1 million was on Bithumb, where it led altcoins.
79,700,000 USDReported by Crypto News (CryptoNews.net)
$XRP/KRW recorded $72.3 million in 24-hour volume on Upbit on 5 October, above Bitcoin's $66.4 million on the same pair.
72,300,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
U.Today, citing XRPL Foundation executive Vet, reported that Kakao Bank with 27 million customers approved a plan to deploy its own blockchain infrastructure in 2027 and is analysing XRPL integration for custody services.
Reported by U.Today
What happened
Crypto News reported on 2 October 2026 that Upbit, Bithumb and Coinone had lifted the transaction alert applied to The Sandbox token $SAND, and that the token rose more than 61% during the day, briefly reaching $0.07. The alert had been issued in August because of unusual token production on The Sandbox cross-chain bridge, a period in which SAND deposits and withdrawals were restricted. No other outlet in the set covered the alert change itself, so Crypto News is the only source for the action and for the price move, and it noted that per-exchange prices and daily change rates differ because of data release times. A later Crypto News piece put SAND at about $67.4 million of combined 24-hour volume on Upbit and Bithumb, behind Worldcoin ($WLD) at about $79.7 million, with Dolphin ($POD) leading Upbit altcoins at about $95.4 million and $WLD leading Bithumb at about $39.1 million. The rest of the set covered XRP instead: reporting credited to Coinpedia and carried by Crypto News said $XRP/KRW volume on Upbit hit $72.3 million in 24 hours on 5 October, above Bitcoin's $66.4 million on the same pair, and U.Today said XRP ranked first in South Korea by volume according to CoinMarketCap, adding that Kakao Bank, with 27 million customers, approved a plan to deploy its own blockchain infrastructure in 2027 and is analysing XRPL integration for custody. No outlet in the set reconciled those volume figures, which cover different assets, exchanges, dates and counting methods.
How the story developed
- First report
First report by Crypto News (CryptoNews.net)
This Altcoin’s Price Skyrocketed: News from South Korea Sparked the Surge
- Update
Exchanges issue alert on SAND over bridge token production
The alert was issued in August over unusual token production on The Sandbox cross-chain bridge, with SAND deposits and withdrawals restricted. Exact date not given in the evidence.
- Update
Upbit, Bithumb and Coinone lift the SAND transaction alert
Crypto News reported the three exchanges had lifted the alert and that SAND rose more than 61% during the day to briefly reach $0.07.
- Update
SAND volumes rank behind Worldcoin and Dolphin in Korea
Combined 24-hour volume of about $67.4 million on Upbit and Bithumb, with $POD leading Upbit at about $95.4 million and $WLD leading Bithumb at about $39.1 million.
- Update
XRP KRW volume on Upbit passes Bitcoin
$XRP/KRW hit $72.3 million in 24-hour volume on Upbit on 5 October against Bitcoin's $66.4 million, alongside $4.74 million of weekly net inflows into U.S. spot XRP ETFs.
- Update
U.Today reports XRP first in South Korea and Kakao Bank blockchain plan
CoinMarketCap data cited by U.Today put XRP ahead of Bitcoin and Ethereum in South Korean volume, and the outlet reported Kakao Bank approved a plan to deploy its own blockchain infrastructure in 2027.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 2 Oct 2026, 17:30 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 4 Oct 2026, 14:31 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
- 5 Oct 2026, 13:59 UTC: U.Today — 3 independent sources, 4 reports
Affected entities
Also mentioned: United States, Base, Bitwise
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto News (CryptoNews.net) Aggregator | This Altcoin’s Price Skyrocketed: News from South Korea Sparked the Surge | Original | |
| U.Today Crypto media | XRP Claims Top Trading Spot in South Korea | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | The Altcoins Experiencing a Surge in Trading Volume in South Korea Have Been Identified | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | XRP Price Jumps as Korea Volume Overtakes Bitcoin – Is $2 Next? | Syndicated |
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