Binance Wallet has rolled out support for Sonic Chain, a rebranded version of the Fantom blockchain, marking a new chapter for the network led by DeFi pioneer Andre Cronje.
The integration also comes with early access perks, including upcoming airdrops of “S” tokens and other assets tied to the Sonic ecosystem.
While specific details on the airdrop are still under wraps, Binance has confirmed that users interacting with Sonic Chain via Binance Wallet or its Alpha trading interface will be eligible.
Accessing the new chain is simple: users can navigate through the Binance app by selecting Markets → Alpha → Sonic.
Despite the major rebrand and a valuation of $1.65 billion, Sonic has struggled out of the gate.
The token has dropped 30% in value since the transition, casting doubt among early adopters who had expected a stronger debut following the platform’s upgrade.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/sonic-chain-launches-on-binance-wallet-amid-early-token-drop/