Sonic (prev. FTM) ($S) Crypto Forecast: Up 11.2% Today

What is Sonic (prev. FTM)?

Asset Sonic (S) is a cryptocurrency token that has experienced a significant bullish movement in the market today.

Why is Sonic (prev. FTM) going up?

S crypto is up 11.2% on Jul 31, 2025 16:41

• Sonic (S) surged along with other altcoins like Pump.fun and Ethena, benefiting from the overall recovery in Ethereum and a shift in capital from Bitcoin to alternative cryptocurrencies.
• The market movement indicates a growing interest in altcoins and a diversification of investment portfolios away from Bitcoin.
• The strong performance of Sonic (S) suggests that investors are seeking higher returns and are willing to explore new opportunities within the cryptocurrency space.
• Overall, the bullish trend in Sonic (S) reflects a broader positive sentiment in the cryptocurrency market, driven by shifting dynamics and evolving investor preferences.

S Price Chart

S Technical Analysis

S News

Top Crypto Gainers: Pump.fun, Ethena, Sonic emerge as frontrunners

Altcoins gain traction, following the recovery in Ethereum (ETH) and a capital shift from Bitcoin (BTC) to other cryptocurrency avenues. Pump.fun (PUMP), Ethena (ENA), and Sonic (S) led the broader market gains over the last 24 hours, hinting at an extended uptrend.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-pumpfun-ethena-sonic-emerge-as-frontrunners-202507310653

Trending Today

Lithia Motors Inc. ($LAD) Stock Forecast: Up 5.1% Today

ONEOK Inc. ($OKE) Stock Forecast: Down 5.0% Today

Transdigm Group Incorporated Inc. ($TDG) Stock Forecast: Down 12.7% Today

Eaton Corporation PLC ($ETN) Stock Forecast: Down 6.7% Today

Palantir Technologies Inc ($PLTR) Stock Forecast: Up 7.2% Today

Pfizer Inc. ($PFE) Stock Forecast: Up 5.0% Today

Astera Labs Inc ($ALAB) Stock Forecast: Down 5.0% Today

Bruker Corporation ($BRKR) Stock Forecast: Down 7.2% Today

Bumble Inc. ($BMBL) Stock Forecast: Down 5.2% Today

MercadoLibre Inc. ($MELI) Stock Forecast: Up 3.3% Today

Sonic (prev. FTM) Price History

30.04.2025 - S Crypto was down 7.6%

• The bearish movement in cryptocurrency token S could be attributed to the overall market sentiment shifting away from safe-haven assets like gold, as indicated by the outflow from Gold ETFs.
• The fatigue in momentum and signs of profit-taking behavior in the Bitcoin market might have led investors to reallocate their funds from other cryptocurrencies, including token S, causing a bearish trend.
• The decline in active addresses and cooling user activity in Bitcoin could have influenced a broader sentiment of caution in the cryptocurrency market, impacting the performance of token S negatively.

11.05.2025 - S Crypto was down 5.6%

• Despite SOL rising due to regulatory developments, the bearish movement of S suggests a different sentiment in the cryptocurrency market.
• The recovery of Bitcoin might have diverted attention and investment away from S, leading to its bearish movement.
• The surge in profit-taking by Long-Term Holders in Bitcoin could have caused a shift in focus away from other cryptocurrencies like S, impacting its market movement.
• The dichotomy between on-chain and futures markets in Bitcoin's analysis indicates that market contraction was likely driven by futures market activity, potentially affecting other cryptocurrencies like S negatively.

23.04.2025 - S Crypto was down 5.8%

• The bearish movement in S could be attributed to the legal developments related to a notable figure involved in a cryptocurrency scheme that affected Bitcoin prices, possibly sparking market concerns and prompting a sell-off of various tokens, including S.
• Additionally, the failure of a proposed settlement between Ripple and the SEC might have contributed to negative market sentiment, impacting the price of S.
• The announcement of a prominent individual's intentions to acquire a significant amount of Bitcoin under a new corporate entity could have shifted investor focus and resources away from other cryptocurrencies like S, influencing the bearish trend.
• A company's introduction of a new Bitcoin accounting standard leading to financial fluctuations and volatility in earnings post-lawsuit might have raised worries about potential impacts on other cryptocurrencies, including S, urging investors to divest their holdings.

23.04.2025 - S Crypto was down 5.1%

• The bearish movement of S could be associated with the recent sentencing of the Mastermind behind the SEC SIM Swapping Scheme, creating fear and uncertainty among investors, leading to a sell-off of various cryptocurrencies, including S.
• The negative sentiment in the cryptocurrency market may have been exacerbated by the denial of a joint bid from Ripple and the SEC to settle their legal battle over XRP, impacting the price of S.
• The introduction of MSTR's new Bitcoin accounting standard, expected to increase earnings volatility, could have contributed to the downturn of S as investors remain cautious about its potential impact on the cryptocurrency market.
• The departure of U.S. CFTC's Johnson, leaving a leadership vacuum for the incoming chair, may have intensified the lack of regulatory clarity in the cryptocurrency market, further influencing the bearish movement of S.

20.05.2025 - S Crypto was down 12.0%

• The bearish movement of cryptocurrency token S today could be attributed to profit-taking by short-term traders following a period of rapid price appreciation.
• The market sentiment may have been impacted by the overall bearish trend in the cryptocurrency market, driven by concerns over regulatory scrutiny and potential market manipulation.
• Recent discussions on Bitcoin's maturation as an asset class, with a focus on long-term holding trends and institutional participation, may have shifted investor attention away from other cryptocurrencies like token S, leading to decreased demand and subsequent price decline.
• The dominance of off-chain venues in Bitcoin trading volume highlights a shift towards institutional platforms, potentially signaling a preference for more established cryptocurrencies over newer tokens like S, contributing to the bearish movement observed.

02.06.2025 - S Crypto was up 7.2%

• The bullish movement in S is linked to the positive sentiment prevailing in the cryptocurrency market, with Bitcoin recovering to $107k and investors holding substantial unrealized profits.
• Investors' inclination towards HODLing is evident from the drop in realized profits and a rise in Long-Term Holder supply, reflecting a strong belief in the long-term prospects of cryptocurrencies.
• Enhanced purchasing power of stablecoins and steady institutional investments in regulated Bitcoin products additionally bolster the bullish trend in S, indicating a stable demand environment and growing investor trust.
• The market's resilience in maintaining crucial support levels amid geopolitical uncertainties and favorable market dynamics implies that S is well-positioned for further potential growth in the near future.

31.06.2025 - S Crypto was up 11.2%

• Sonic (S) surged along with other altcoins like Pump.fun and Ethena, benefiting from the overall recovery in Ethereum and a shift in capital from Bitcoin to alternative cryptocurrencies.
• The market movement indicates a growing interest in altcoins and a diversification of investment portfolios away from Bitcoin.
• The strong performance of Sonic (S) suggests that investors are seeking higher returns and are willing to explore new opportunities within the cryptocurrency space.
• Overall, the bullish trend in Sonic (S) reflects a broader positive sentiment in the cryptocurrency market, driven by shifting dynamics and evolving investor preferences.

10.06.2025 - S Crypto was up 5.1%

• The bullish movement in cryptocurrency token S can be attributed to the ongoing accumulation trend among investors, particularly Long-Term Holders and smaller investor cohorts like Shrimp, Crabs, and Fish, who are acquiring the token at a pace exceeding the monthly issuance rate.
• The tightening of supply-side conditions, coupled with elevated volatility expectations, has created a scenario where even modest fluctuations can lead to significant price movements, potentially driving up the value of token S.
• Despite a slight cooling down in ETF inflows, the overall Asset Under Management (AUM) for cryptocurrency ETFs has reached a new all-time high, with BlackRock's dominance in the market playing a key role. This institutional demand and integration of traditional financial products into the digital asset ecosystem could have further boosted the bullish sentiment towards token S.
• The convergence of key valuation metrics with the deposit cost basis of BlackRock's IBIT ETF underscores the growing influence of ETF flows within the market, reinforcing the positive outlook for cryptocurrency token S in the near term.

22.04.2025 - S Crypto was up 5.9%

• The bullish movement of token S could be attributed to positive sentiment in the overall cryptocurrency market.
• The news of regulatory actions against individuals involved in Bitcoin price manipulation may have reassured investors about market integrity.
• Despite critical comments from a prominent investment firm about Bitcoin treasury companies, the market appears unconcerned and remains focused on positive momentum.
• Ongoing legal disputes within the cryptocurrency industry may have indirectly influenced market sentiment, potentially leading investors to view token S as a more stable option.

10.05.2025 - S Crypto was up 5.1%

• The recent bullish movement in Cryptocurrency Token S was fueled by increased demand around the $101k mark, boosting market strength significantly.
• Following a temporary resistance at the all-time high, the asset rebounded to $110.3k, showcasing resilience against selling pressure.
• Daily profit-taking by long-term holders peaked at +$930M, indicating active investor engagement near market highs. Despite this, accumulation activities prevailed over distribution behaviors, highlighting a unique market dynamic.
• Market volatility expectations escalated due to a concentration of coin supply around the current price level, elevating market sensitivity. Nevertheless, options traders exhibited low implied volatility, potentially underestimating a shift in the volatility regime.

24.05.2025 - S Crypto was up 17.0%

• The surge in Cryptocurrency Token S could be linked to the rising institutional interest and improvements in its liquidity profile.
• Observations from industry experts point towards a growing involvement of institutional investors and national treasuries in the cryptocurrency sector, potentially boosting confidence and investments in Cryptocurrency Token S.
• Furthermore, an analysis of market dynamics beyond the blockchain, such as the flow of ETFs and order book activities, indicates a potential shift towards more long-term investment strategies. This shift may have contributed to the upward trend of Cryptocurrency Token S.
• On the whole, the market movement of Cryptocurrency Token S today reflects the evolving nature of digital assets towards a more sophisticated market driven by institutions.

24.04.2025 - S Crypto was down 6.0%

• The bearish movement of cryptocurrency token S today could be attributed to the overall negative sentiment in the cryptocurrency market due to various factors:
• A billionaire's announcement to acquire a significant amount of Bitcoin under a new corporate entity might have shifted investor focus towards Bitcoin, leading to a sell-off in other cryptocurrencies like token S.
• The uncertainty surrounding the U.S. CFTC with key officials exiting could have created a sense of instability in the regulatory environment, impacting investor confidence in the overall cryptocurrency market.
• MSTR's new Bitcoin accounting standard causing financial swings and volatility in earnings could have raised concerns about the broader impact on the cryptocurrency market, leading to a risk-off sentiment among investors.
• The sentencing of the mastermind behind the SEC SIM swapping scheme for manipulating Bitcoin price might have highlighted the susceptibility of the cryptocurrency market to manipulation, triggering a sell-off in various digital assets, including token S.