The invention discloses a graphene composite sand-in-sand multicolor paint and a preparation method thereof, and is characterized in that the graphene composite sand-in-sand multicolor paint is mainlycomposed of a protective glue solution, a base paint solution and a continuous phase solution, the mass ratio of the protective glue solution to the base paint solution to the continuous phase solution is 1:2:3, and the protective glue solution is composed of deionized water, protective glue powder and a bactericidal preservative; the base paint solution is prepared from deionized water, cellulose, graphene, a defoaming agent, a dispersing agent, a coalescing agent, an anti-freezing agent, a pH regulator, a protective glue solution, a thickening agent, a bactericidal preservative, film-forming resin, a curing agent and color sand; the continuous phase solution is prepared from deionized water, cellulose, graphene, a dispersing agent, an antifoaming agent, a leveling agent, a coalescing agent, an anti-freezing agent, a sterilization preservative, a pH regulator, film-forming resin and colored sand. The graphene composite sand-in-sand multicolor paint and the preparation method thereofhave the advantage that the water resistance, the alkali resistance, the scrub resistance and the fusion degree of colored points after coating of the coating can be improved.