Sonic (Fantom) news

The cryptocurrency market is set to experience significant token disbursements totaling approximately $513 million during the second week of September 2025, raising concerns about induced volatility. On September 13, the GameFi platform Cheelee will unlock 20.81 million CHEEL, a 2.08% increase to its total supply, valued at roughly $55.8 million, with allocations for rewards, marketing, liquidity, and community drops. Aptos will release 11.31 million APT on September 11, representing 0.96% of its total supply and about $49.4 million, with allocations to core contributors, community, investors, and its foundation. On September 9, the next‑generation DeFi platform Sonic will issue 150 million S tokens, a 4.6% increase to its supply valued at $46.5 million, supporting its U.S. expansion. Additional unlocks from projects such as Movement, BounceBit, io.net, and peaq are scheduled for the same week, potentially amplifying market‑wide effects across the crypto ecosystem.

Sonic Labs has obtained approval to issue $200 million of its S tokens into U.S. capital markets, enabling a proposed ETF and Nasdaq‑listed PIPE vehicle. The proposal received 99.99 % approval from 105 wallets, meeting a quorum of 700 million tokens; $100 million will reserve for the PIPE, $50 million will fund a regulated ETP custodied by BitGo, and some tokens will bankroll Sonic USA LLC and a U.S. team. Rebranded from Fantom Opera, the project has struggled because its tokenomics left less than 3 % for strategic use, forcing market purchases. Sonic aims to deflate the S token by tightening its gas‑fee system and burning more transaction fees, after the token slid almost 69 % since launch. The company also participates in the U.S. Commerce Department’s blockchain program, integrating Chainlink and Pyth oracles to embed macroeconomic data on‑chain.

During this week, U.S. lawmakers will debate key crypto bills, creating expectations of heightened volatility in the digital‑asset markets. Sonic plans an airdrop from July 15‑22 that could lift its price to about $0.381–$0.440, though selling pressure could bring it back to $0.329 or lower. Mantle rose 7.2 % to $0.70 as the Sepolia upgrade on July 16 is set to add full support for the Ethereum Prague changes, pushing the coin toward $0.72. Official Trump's 90 million-token unlock this week may push prices to a $9.63 support level and potentially up to $10.97, but excess supply could drop it to $9.04 or $8.43, erasing prior gains. Analysts advise watching these coins closely as regulatory moves and token events could shape short‑term price swings.

Coinbase completed its Q2 2025 token rollout by adding Newton Protocol’s NEWT, the Layer‑1 Sonic (S), Subsquid (SQD), and POPCAT to its exchange, with SQD and POPCAT now available exclusively for EU users following the platform’s MiCA licence acquisition. NEWT, launched with an airdrop on Binance Alpha, was listed on Coinbase the same day under an Experimental label, allowing users to buy, sell, convert and store the token via the mobile app. The new listings produced mixed market reactions: most tokens showed muted price moves because they were already tradable elsewhere, while Sonic experienced a notable rebound after its listing after a recent airdrop‑driven pullback. Subsquid’s reference to an open database network for AI agents gains a distribution boost in the EU, and the overall move signals Coinbase’s ongoing strategy of diversifying its asset portfolio. No new strategic shifts are expected for Q3, aside from a scheduled systems upgrade, and the exchange has not announced additional feature rollouts.

Sonic's native token S fell sharply after Wintermute ended a five‑year market‑making partnership, with the firm selling roughly 1.5 million S tokens within 24 hours of the announcement, following a prior batch that cost about $857,000. In the same window, a FalconX‑linked wallet transferred 2.3 million of its 3 million S tokens to Binance, fueling speculation of coordinated exits or liquidity reshuffling. Sonic’s Head of Strategy said the platform is negotiating new market‑making partners that align with a shift toward DeFi integrations. Analysts noted the large sales were executed at a loss, suggesting no immediate profit‑taking or price manipulation. The cumulative sell‑offs have pushed the token down more than 8 % in a single day to around $0.50 and approximately 15 % over the past week.

Fantom launched Sonic, an independent blockchain to address storage and speed bottlenecks of its original DAG design. SonicVM translates EVM bytecode into a faster internal format while pre‑caching jump destinations, and SonicDB splits state into LiveDB and ArchiveDB to cut node storage by up to 90 %. The native S token, convertible 1:1 from FTM, will be non‑inflationary for six months, then 6 % of the initial supply will mint rewards for early users. A Gas Fee Monetization feature forwards up to 90 % of transaction fees to developers, with the rest routed to validators. Andre Cronje is spearheading DeFi on Sonic, unveiling Flying Tulip—a platform that combines trade, liquidity pools, and lending via a bonding‑curve AMM that auto‑adjusts liquidity focus and adds a novel loan‑to‑value model. HTX’s report outlines these innovations, tokenomics, and airdrop strategies while urging readers to conduct independent research.

Sonic announced on May 15 that it had ended its five‑year market‑making partnership with Wintermute after the maker sold roughly $857 k worth of S tokens, a move that pulled the token’s price down 6 %. The dump, involving about 3 million S tokens within 24 hours, followed Wintermute’s earlier controversies, including a January market‑manipulation claim and a recent ACT token collapse. Sonic’s anonymous Head of Strategy said the loaned funds were being repaid and that the company is now negotiating with other market makers better aligned with its DeFi ecosystem. Despite the off‑load, Sonic denied any foul play and said the sale was a normal business transaction. Wintermute has yet to comment on the incident.

Bitcoin’s return above $100,000 has acted as a bullish catalyst for altcoins, prompting a review of three tokens. Sonic, formerly Fantom, has risen 22 % to $0.60 this month and could benefit from the May 15 sharding upgrade that may lift the price toward $0.74, though a break below $0.60 could see it retreat to $0.50. Arbitrum surged 51 % to $0.47 in the past five days, with the imminent May 16 release of 92.65 million ARB tokens creating expected volatility that could either push the coin to $0.55 or pull it down to $0.38 if support fails. Jupiter posted a 40 % gain to $0.58, eyeing a $0.68 resistance, and a new 2.5 % commission donation to the Jupiter DAO may boost liquidity and confidence, potentially allowing a break if $0.57 support holds. Failure of any of these support levels, however, would reverse recent gains and undermine the current bullish outlook for each altcoin.

Sonic blockchain trading activity spiked today as Binance Wallet announced it will support the network and hint at an upcoming airdrop, prompting a 130 % increase in 24‑hour volume and nearly a 14 % rise in the token’s price. The airdrop details remain vague, though early reports suggest 200 million S tokens could be distributed to active traders on the new chain. Sonic’s recent momentum also comes from ecosystem growth, with Binance Alpha listing its largest DEX token SHADOW and adding Hey Anon and Beets to the exchange’s catalog. The Layer‑1 chain previously topped market‑watch lists in late March, and its ecosystem reached $1 billion in total value locked earlier this month. With the token currently trading around $0.54—about half its January high—market sentiment has turned bullish. Enthusiasts anticipate further announcements at the forthcoming Sonic conference, hoping to confirm the airdrop and solidify the chain’s position.

Sonic (S) surged 6 % in the past 24 hours, becoming the market’s strongest performer. The coin’s recent rally has placed it near the 20‑day Exponential Moving Average, a metric that commonly signals a continuing uptrend when crossed. The Elder‑Ray Index stands at +0.036, indicating that buying pressure exceeds selling pressure. Traders are watching the $0.55 level, where the 20‑day EMA forms dynamic resistance; a successful breach could lift the price toward $0.57 or even $0.63. Should the resistance turn into a support floor, the rally may continue, but if sellers dominate, the price could fall back to about $0.49 or lower to $0.40. The outcome of the next price test will likely determine whether the bullish momentum persists or reverses.