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 tokenomics. Technical analysis highlights key support and resistance levels, with $0.02615 as a critical point for further gains. Traders are cautious of potential volatility and profit-taking but remain optimistic about the token's rally if it holds above key demand zones.
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...
