Sonic Labs ignites $S momentum with 100% airdrop burn; 50% price rally looms
Main Idea
Sonic Labs has burned 100% of its airdropped $S tokens, leading to a 50% price rally and renewed interest in the token, which has re-entered the top 100 cryptocurrencies by market value.
Key Points
1. Sonic Labs burned all 1,866,256.59 airdropped $S tokens, valued at $754,902.66, to a dead wallet.
2. The $S token price is predicted to rally 50% to $0.60 from its current price of $0.3992.
3. The token has re-entered the top 100 cryptocurrencies, ranking 79th with a $1.16 billion market cap.
4. User activity for $S increased by nearly 90% last week, and its DeFi TVL rose by 2.56% in the past day.
5. Market analysts, including Michael van de Poppe, predict further gains for $S due to ecosystem growth and bullish momentum.
Description
Altcoins stole the show on Monday amid Bitcoin’s plunging market dominance. While most digital assets target substantial breakouts, the Sonic Labs team has supercharged the $S community with bullish developments. According to co-founder Andre Cronje, the project has burned 100% of its 1,866,256.59 $S tokens received from its closely-watched airdrops, which even included US users . Andre Cronje @AndreCronjeTech · Follow Sonic Labs just burned 100% of its 1,866,256.59 $S allocation from the airdro...
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