Sonic's token price surged over 18% following the announcement to suspend its annual token inflation, which halted the issuance of new tokens. This move boosted investor confidence and trading volume, which rose by 558% to around $60 million. Network activity also increased, with unique addresses and daily transactions hitting new highs. Sonic's price is now testing a key resistance trendline, where a breakout could signal a more stable long-term value, though selling pressure remains a challenge.
Sonic Labs announced it has suspended its planned annual token inflation, significantly reducing future token supply expectations. This decision triggered a sharp 21% price increase for the Sonic token as investors reacted positively to the improved ...
Sonic Labs canceled its planned minting of nearly 48 million $S tokens, stopping annual token inflation that would have diluted holders. This decision came after significant leadership departures, including founder Andre Cronje, and a sharp price dec...
Sonic SVM's price fell 12% in 24 hours despite a 23% rise in daily active users and increased on-chain transactions. However, total value locked (TVL) dropped by $4.47 million, indicating capital outflows and selling pressure. Spot market activity sh...
