Sonic (prev. FTM) ($S) Crypto Forecast: Down 7.5% Today

What is Sonic (prev. FTM)?

Token S is a popular cryptocurrency token known for its innovative technology and strong community support. The overall cryptocurrency market has been volatile today, with various regulatory and market developments impacting prices.

Why is Sonic (prev. FTM) going down?

S crypto is down 7.5% on Apr 30, 2025 16:16

• The bearish movement of Token S today could be due to the overall uncertainty in the cryptocurrency market influenced by regulatory discussions and possible future regulations.
• The advocacy for clear regulations on staking as an 'essential good' may have heightened market uncertainty, resulting in selling pressure on Token S.
• Moreover, the anticipation of increased legislative activity related to crypto bills in Congress might have unsettled investors, leading to a sell-off in various cryptocurrencies, including Token S.
• Concerns over precise labeling in forthcoming crypto regulations by Nasdaq could be making investors wary, fostering a risk-off sentiment in the market and influencing the downward trend of Token S.

S Price Chart

S Technical Analysis

S News

Crypto Coalition Tells SEC Staking Is 'Essential Good,' Not a Security

Crypto Coalition Tells SEC Staking Is 'Essential Good,' Not a Security

https://www.coindesk.com/policy/2025/04/28/crypto-coalition-tells-sec-staking-is-essential-good-not-a-security

Author of Crypto Bills Now Being Rehashed Predicts 'Wicked Hot Summer' in Congress

Author of Crypto Bills Now Being Rehashed Predicts 'Wicked Hot Summer' in Congress

https://www.coindesk.com/policy/2025/04/29/author-of-crypto-bills-now-being-rehashed-predicts-wicked-hot-summer-in-congress

Crypto Lending Platform Nexo Returns to US Market on ‘Renewed Optimism and Entrepreneurial Momentum’

Crypto Lending Platform Nexo Returns to US Market on ‘Renewed Optimism and Entrepreneurial Momentum’

https://dailyhodl.com/2025/04/29/crypto-lending-platform-nexo-returns-to-us-market-on-renewed-optimism-and-entrepreneurial-momentum/

Coinbase launches new Bitcoin Yield Fund, offering investors 4–8% annual returns

Coinbase has launched a Bitcoin Yield Fund, aiming to offer non-U.S. investors sustainable 4–8% returns paid directly in Bitcoin.

https://www.fxstreet.com/cryptocurrencies/news/coinbase-launches-new-bitcoin-yield-fund-offering-investors-4-8-annual-returns-202504290022

Nasdaq Tells SEC Precise Crypto Labeling Will Be Everything in Future Regulation

Nasdaq Tells SEC Precise Crypto Labeling Will Be Everything in Future Regulation

https://www.coindesk.com/policy/2025/04/25/nasdaq-tells-sec-precise-crypto-labeling-will-be-everything-in-future-regulation

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Sonic (prev. FTM) Price History

25.03.2025 - S Crypto was up 8.7%

• The bullish movement in cryptocurrency token S today can be attributed to the broader positive sentiment in the crypto market following Bitcoin's surge above $94k.
• The market's optimism around potential easing of U.S.-China tariff tensions has likely contributed to the bullish momentum in various cryptocurrencies, including token S.
• The influx of institutional demand, as seen in the record net inflows into U.S. spot Bitcoin ETFs, indicates a growing interest from larger capital allocators in the crypto space, potentially benefiting tokens like S.
• The dismantling of the $90k wall by 'Spoofy' and the return of exchange buying activities suggest a renewed confidence in the market, further fueling the bullish movement of token S.

25.03.2025 - S Crypto was up 7.3%

• The price increase in S can be linked to the positive outlook in the broader market due to potential improvements in U.S.–China trade relations, boosting both stock and cryptocurrency markets.
• S's successful reclaiming of the Short-Term Holder Cost Basis signals a shift towards optimism and a possible recovery phase for the token.
• The strong demand from institutional investors for Bitcoin, exemplified by substantial net inflows of $1.54B into U.S. spot Bitcoin ETFs, may have had a favorable impact on S's bullish movement.
• The market's focus on profit-taking activities, illustrated by a rise in Realized Profit and an increase in the Percent Supply in Profit, indicates a positive market sentiment and investor trust in S's price direction.

25.03.2025 - S Crypto was up 5.4%

• Emphasizing the importance of precise crypto labeling for future regulations, Nasdaq's insights could offer clarity and stability to the crypto market, potentially boosting investor confidence.
• The increase in Bitcoin's dominance to 63% suggests a shift towards quality assets during market volatility, possibly leading to heightened demand for cryptocurrencies such as S.
• The recent price surge of Bitcoin to $94.7k, driven by positive news on U.S.-China tariff tensions, may have contributed to a generally optimistic sentiment in the crypto market, benefiting tokens like S.
• With a significant influx of $1.54B in net inflows into U.S. spot Bitcoin ETFs, there are indications of renewed institutional interest in cryptocurrencies. This interest could extend to other tokens like S, driving up their prices.

24.03.2025 - S Crypto was down 5.1%

• The bearish movement in S today could be attributed to profit-taking behavior by short-term holders, as indicated by the surge in Realized Profit and the STH-SOPR metric.
• The return of exchange buying and the dismantling of a $90K wall by 'Spoofy' may have added selling pressure to S, contributing to the bearish market movement.
• The focus on regulatory clarity on digital assets by the new SEC Chair and the advancement of a crypto reserve bill in Arizona may have created uncertainty and caution among investors, impacting the sentiment towards S.
• Despite the positive news of US Spot Bitcoin ETFs recording significant inflows, the lack of a similar surge in demand for Ethereum ETFs could have also influenced the relative underperformance of S in today's market.

23.03.2025 - S Crypto was up 9.5%

• The dismantling of the $90K wall by 'Spoofy' on exchanges may have instilled confidence in investors, leading to increased buying activity and driving up the price of token S.
• The advancement of the crypto reserve bill in Arizona could signal growing acceptance and adoption of cryptocurrencies, positively impacting the overall market sentiment.
• The news of US Spot Bitcoin ETFs recording the biggest inflow since January, coupled with Bitcoin's price reaching $94,000, likely created a bullish momentum across the entire cryptocurrency space, including token S.
• The official appointment of Paul Atkins as the SEC Chairman may have brought about a sense of regulatory clarity and stability, attracting more institutional investors to cryptocurrencies like token S.

23.03.2025 - S Crypto was up 8.2%

• The bullish movement of S can be attributed to the news of XRP futures taking off on Coinbase and reaching $100M in daily volume, indicating a growing interest in cryptocurrency derivatives and boosting overall market confidence.
• The decision to transfer the Binance crypto theft case to Florida to expedite the legal process might have instilled trust in investors, leading to increased buying activity and pushing S prices higher.
• The collaboration between Tether, SoftBank, Bitfinex for a massive $3B Bitcoin investment through 21 Capital could have created a ripple effect in the cryptocurrency market, with investors diversifying their portfolios and seeking alternative digital assets like S.
• The regulatory dispute in the EU over US stablecoin plans might have caused some uncertainty in the market, but the overall positive developments and investments in the cryptocurrency space overshadowed these concerns, driving S to a bullish trend.

30.03.2025 - S Crypto was down 5.1%

• The prediction of a 'wicked hot summer' in Congress for crypto bills may have created uncertainty and regulatory concerns, leading to a bearish sentiment in the market.
• The return of Nexo to the US market with renewed optimism could have been overshadowed by broader market trends, contributing to the downward movement of S.
• The launch of Coinbase's Bitcoin Yield Fund offering attractive returns might have diverted some investor attention away from other cryptocurrencies like S.
• The overall defensive positioning in the crypto market, driven by macro uncertainty and risk-off sentiment, likely influenced the bearish movement of S as investors favored high-conviction assets such as Bitcoin.

23.03.2025 - S Crypto was up 5.4%

• The appointment of the new SEC Chair, Paul Atkins, with a focus on providing clarity on digital assets, has instilled confidence in investors, leading to a bullish market movement for token S.
• The dismantling of a $90K wall by a whale known as 'Spoofy' suggests a significant shift in market dynamics, potentially attracting more buyers and driving up the price of token S.
• The advancement of the crypto reserve bill in Arizona indicates a growing acceptance and adoption of cryptocurrencies, which could have positively influenced the market sentiment for token S.
• The significant inflow into US Spot Bitcoin ETFs, coupled with Bitcoin's price touching $94,000, reflects a broader bullish trend in the cryptocurrency market, benefiting token S as well.

23.03.2025 - S Crypto was up 14.3%

• The bullish movement in cryptocurrency token S could be attributed to the appointment of Paul Atkins at the SEC, signaling potential clearer regulations for digital assets.
• Trump's comments on FED rate cuts might have also contributed to the positive sentiment in the cryptocurrency market, as investors seek alternative assets in light of potential monetary policy changes.
• The collaboration between U.S. Commerce Secretary Lutnick's son, Tether, and SoftBank for a significant Bitcoin SPAC could have boosted confidence in the overall cryptocurrency market, including token S.
• Trump's hint at a possible tariff rollback after talks with Xi might have created a more positive market sentiment, benefiting risk-on assets like cryptocurrencies.

23.03.2025 - S Crypto was up 8.6%

• The bullish movement of Token S is possibly linked to the recent surge in major cryptocurrencies like Bitcoin, Ether, and Dogecoin, causing a ripple effect throughout the market.
• The appointment of Paul Atkins at the SEC and his commitment to establishing clearer regulations for digital assets could have boosted investor confidence, fostering a positive outlook in the cryptocurrency market.
• The development of the SEC dropping the case against HEX Founder Richard Heart might have eased worries about regulations, further enhancing investor trust in the crypto sphere.
• Comments made by Trump regarding potential FED rate cuts may have influenced investors to turn to alternative assets such as cryptocurrencies in pursuit of higher returns amidst uncertain traditional markets.

23.03.2025 - S Crypto was up 8.1%

• The advancement of the crypto reserve bill in Arizona and the swearing in of a new SEC Chairman signal increasing regulatory clarity and support for cryptocurrencies, boosting investor confidence in S.
• The significant inflow into US Spot Bitcoin ETFs and the high trading volume of XRP futures on Coinbase indicate growing institutional interest and adoption of cryptocurrencies, including S.
• The transfer of the Binance crypto theft case to Florida could be seen as a positive step towards resolving the issue promptly, potentially reducing uncertainty and enhancing trust in the crypto market, benefiting tokens like S.
• The overall positive sentiment and regulatory developments in the cryptocurrency space, coupled with increasing institutional participation, have likely contributed to the strong bullish movement of S today.

30.03.2025 - S Crypto was down 7.5%

• The bearish movement of Token S today could be due to the overall uncertainty in the cryptocurrency market influenced by regulatory discussions and possible future regulations.
• The advocacy for clear regulations on staking as an 'essential good' may have heightened market uncertainty, resulting in selling pressure on Token S.
• Moreover, the anticipation of increased legislative activity related to crypto bills in Congress might have unsettled investors, leading to a sell-off in various cryptocurrencies, including Token S.
• Concerns over precise labeling in forthcoming crypto regulations by Nasdaq could be making investors wary, fostering a risk-off sentiment in the market and influencing the downward trend of Token S.