Sonic price jumps on rising transactions but user activity remains low, raising doubts on rally sustainability.

Sonic's price surged recently due to a near doubling of on-chain transactions and increased spot market volume, signaling short-term utility gains. However, the 30-day data shows a 65% drop in transactions and a sharp decline in daily active users from 62,200 in early June to around 6,400, indicating weak demand and user retention. Leadership changes and halted token minting reflect ongoing restructuring, but the rally lacks strong support for sustained growth. Investors remain cautious as the network struggles to regain broad user engagement despite the price rebound.