Whale Accumulation Signals Potential Reversal for Sonic Amid Retail Hesitation
Whale activity surrounding Sonic has surged dramatically, with large holder netflows increasing 1,265% over the past week. Despite a 6.43% price decline to $0.369, strategic investors have generated $724,000 in unrealized profits, suggesting quiet accumulation NEAR multi-month support levels.
The divergence between price action and institutional positioning hints at an impending structural shift. Historical patterns indicate such accumulation near support zones often precedes price inflection points. Retail investors remain sidelined, creating a classic asymmetry between smart money positioning and mainstream sentiment.
A breakout above $0.42 could confirm bullish momentum, but for now, whales appear to be building positions in anticipation of a reversal. The scale of capital inflows—up 885% over 30 days—reflects growing conviction among sophisticated players in Sonic''s underlying value proposition.