Why is The Sandbox going down?

As a keen observer of the cryptocurrency market, I've noticed a concerning trend in the price of The Sandbox (SAND) token. Could you please elaborate on the reasons behind its recent downturn? I've heard rumors of decreasing user engagement on the platform, potential technical issues, and even concerns about competition from similar metaverse projects. However, I'd like to get a more comprehensive and informed perspective on the matter. What specific factors are contributing to the decline in SAND's value, and what steps could potentially be taken to reverse this trend?