Trading volume for Sonic blockchain has skyrocketed by 130% after Binance Wallet announced support for an anticipated airdrop. Sonic experienced a price increase of nearly 14% along with this speculation, reflecting growing community enthusiasm and Binance’s interest in its associated tokens.
Trading volume for Sonic, a Layer-1 blockchain, has surged a staggering 130% today, following an announcement from Binance Wallet regarding support for an upcoming airdrop. While specifics of the airdrop remain somewhat elusive, the community is buzzing with excitement. Many see this as a pivotal moment for Sonic, which is experiencing renewed traction in the market.
Sonic’s recent developments extend beyond this expected airdrop. Earlier in the week, Binance Alpha added three tokens from the Sonic ecosystem to its listings, including one linked to Sonic’s largest decentralised exchange (DEX). Expectations are high that the airdrop might features about 200 million S tokens, but no official confirmation has been made.
Sonic, known for its performance-driven blockchain, was notably a top performer earlier this year, and it recently hit a total value locked (TVL) of $1 billion. Since Binance hinted at the airdrop, Sonic’s price has seen a nearly 14% bump, reflecting heightened trader activity and optimism surrounding the network.
Although Binance states, “S and Sonic ecosystem asset airdrops are coming for active traders on the new Sonic Chain,” exact details remain scarce. Preliminary estimates suggest around 200 million tokens could be distributed, but Sonic has not yet corroborated this figure.
Adding another layer to the excitement, mere hours before the airdrop news broke, Binance Alpha had listed SHADOW, a token from the largest DEX operating on Sonic. This has led to widespread speculation that Binance’s interest in Sonic is growing, especially among commentators who are interpreting these strategic listings as a sign of optimism for future developments in the ecosystem.
In summary, multiple factors are converging to drive the hype around Sonic. Even in the absence of definitive confirmation regarding the airdrop, the foundational progress being made indicates that Sonic may be positioned for significant growth. Traders now flock to Sonic, driven by expectations of a potential airdrop, painting a bullish outlook for the network.
