Deezy goes over the latest altcoin attracting MASSIVE bridge flows, SONIC. See why this token has been on fire lately!
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duration : 00:08:53
Here’s the summary and notable points:
Status Update: Sonic (formerly Phantom) token is up 8.6% in the last 24 hours and over 60% in the last week. Its floor price is much lower than last cycle, but it’s still showing strong growth.
Key Points:
- Sonic is a new EVM chain with significant inflows and money pouring in from other ecosystems like Salana, Ethereum, and Arbitrum.
- The token has reset from Phantom and saw a TVL spike from $60 million to $7 billion, currently at $841 million.
- The ecosystem has a $120 million fund for project development and has distributed 200 million tokens to devs and users.
- Over 60 decentralized apps are live, with an AVM V3 deployment expected soon.
- A governance proposal is in its final stages, with potential regulatory clarity and "green lights" from the Trump administration.
- The author is bullish on Sonic due to its partnerships and potential for massive growth.
Fibonacci Extensions: The author is highlighting the potential for a megaphone pattern, with a possible 87% pump if the pattern plays out.
Key Recommendations: Buy Sonic when it reaches the 382 ($0.76) level, keep an eye on the price action, and use Coinbase and Shadow Exchange for trading.
