Sonic (S) Aims to Revolutionize Blockchain with High-Speed Platform

Sonic’s Evolution: From Fantom to Next-Generation Blockchain Platform

$Sonic (S), a recently rebranded blockchain project formerly known as $Fantom (FTM), is positioning itself as a high-throughput platform, promising transaction speeds that surpass established networks while maintaining robust security and user-friendly interfaces.

The project’s value proposition includes significant incentives for developers, offering as rewards up to 90% of the fees generated by their apps, and aims for seamless interoperability with the Ethereum ecosystem.

Market Presence and Token Distribution Analysis

With a circulating supply ranging between 2.88 bn and 3.18 bn tokens, $Sonic is currently listed on major exchanges, including Binance, Bybit, Gate.io, and OKX.

The platform purports to facilitate the creation of next-generation digital assets through transactions between mining nodes and other proprietary technologies.

Technical Analysis: Price Action and Key Support Levels

Currently trading around $0.72, the token is down nearly 27% from its 2025 high of roughly $1.00 reached on February 21.

The daily chart shows a mid-February breakout from a month-long downtrend, followed by a surge to local resistance near the $1.00 mark.

The subsequent correction has brought the price action back to a sloping support line at $0.68 (shown as the blue line on the chart).

If buyers can maintain this level, renewed bullish momentum could potentially drive the price back towards $1.00.

Conversely, a breakout to the downside could signal a retest of YTD lows near $0.40.