Sonic Trading Volume Rockets 130% Overnight as Binance Drops S-Token Bombshell

Binance just lit a rocket under Sonic’s trading volume—130% surge in 24 hours after announcing an S Token airdrop. Traders are piling in like it’s 2021 all over again.

Here’s the kicker: The ’free tokens’ narrative works every time, even when the Fed’s printing press is in reverse. Who needs fundamentals when you’ve got FOMO?

Pro tip: Watch the sell pressure post-drop. Nothing makes crypto traders flip bullish-to-bearish faster than realizing their ’free money’ comes with a 30% instant dump tax.

Binance Airdrop Fuels Sonic Hype

Sonic, a Layer-1 blockchain focused on high performance, has been gaining prominence lately. It was briefly a top performer in late March, and its blockchain ecosystem reached $1 billion in TVL earlier this month.

Since Binance made the airdrop announcement, Sonic has been rising again, with nearly 14% price gains and 130% in increased trading volume in 24 hours.

Binance claimed that “S and Sonic ecosystem asset airdrops are coming for active traders on the new Sonic Chain,” but further details are unknown. Earlier statements suggest that Sonic will airdrop 200 million tokens, but this hasn’t been recently confirmed.

Still, there is one useful insight that might help explain this. Several hours before the Sonic airdrop announcement, Binance Alpha listed SHADOW.

Shadow, the firm that mints this token, is the largest DEX on Sonic’s blockchain. Community commentators began speculating that this and several other Sonic ecosystem token listings reveal Binance’s growing interest in the blockchain.

Sonic looks interesting here. Currently trading at $0.54, approx 50% down from the January high of $1.

-Sonic conference coming up next week (usually releases are saved up for these)
-3 Sonic projects listed on Binance Alpha today (Shadow, Hey Anon, and Beets)
-The token is…

In other words, several ecosystem developments are coming together to build community hype. Even if Binance hasn’t officially confirmed that it will help airdrop 200 million S tokens, Sonic has several positive developments in the works.

The network is showing increasingly bullish sentiment as traders are crowding Sonic in the hope of a potential airdrop in the future.