Sonic Price Prediction as $200M Nasdaq and ETP Plan Gets Greenlight

Key Points:

• Sonic Labs secures $200M token allocation to expand into Nasdaq and ETP markets.
• New tokenomics aim to support long-term growth and reduce inflation risks.
• S token trades at $0.314, with increased volume and potential breakout above $0.34.

Sonic Labs has received near-unanimous community approval to move forward with a $200 million traditional finance expansion. The proposal passed with 99.99% support and participation from over 700 million S tokens.

The plan includes issuing $100 million in S tokens to back a Nasdaq PIPE vehicle and $50 million for an exchange-traded product. The ETP will track S token performance and be managed by a regulated provider with over $10 billion in assets.

Sonic will also establish a U.S. entity, Sonic USA LLC, and hire a New York-based CEO and team. An additional $47.7 million in tokens will fund operations and U.S. market engagement.

This expansion flips the usual approach by using traditional finance to boost crypto adoption rather than the reverse. Sonic aims to attract new capital and elevate its presence in U.S. financial markets.

New Tokenomics to Support Growth and Stability

Sonic says it inherited outdated tokenomics from its previous identity as Fantom Opera, limiting flexibility in partnerships and listings. The foundation held less than 3% of the token supply after the FTM-to-S migration.

In contrast, most competing blockchains retain up to 50% of their token supply for strategic initiatives. To remain competitive, Sonic will adopt updated tokenomics that enable greater capital efficiency.

It also plans to reduce inflation by adjusting its gas fee model and increasing the share of tokens burned. These changes aim to create long-term deflationary pressure on supply without harming token holders.

The foundation believes these changes are essential to executing deals and staying relevant in the evolving crypto ecosystem. The update is expected to position Sonic better for cross-market opportunities.

S Token Price Consolidates Ahead of Potential Move

S token is currently trading at $0.314, showing a modest 5.54% monthly gain, despite short-term losses across daily timeframes. The token has declined slightly over the past week but holds strong support at $0.30.

Market cap stands at $904 million, with a fully diluted valuation of $1.01 billion and a total supply of 3.22 billion tokens. Trading volume rose 47% to $79 million, indicating rising market interest.

Price remains range-bound between $0.30 and $0.34, though technicals suggest a possible breakout if bullish momentum returns. Sonic’s TradFi push could act as a near-term price catalyst.