SONIC has recently gained a lot of attention, launching on multiple platforms. Where exactly are the trading opportunities for SONIC?

SONIC is the first chain extension on Solana - designed for games, applications, and the industry's first TikTok application layer. Built using the Sonic HyperGrid framework, it aims to bring the next billion users into Web3.

Sonic's vision is to expand the existing Solana gaming ecosystem, allowing each game to handle millions of requests per second and relocating them to Solana L1.

The testnet has reached 746,646 active wallets daily, which can be considered a phenomenal application!

The total issuance is 2.4 billion tokens, with a circulating supply of 360 million tokens, an initial circulation of 15%, and the current price is around $1.1, while the public offering price was only $0.02. Although there is an unlocking mechanism, this is indeed one of the reasons hindering further price surges!

The current price of $1.1 benefits from the cooperation of major platforms, such as mining, attracting new users, trading, etc., all at once!

Currently, the on-chain liquidity is $8.35 million, and the circulating market cap has reached $3 billion, which is indeed exaggerated. There are about 31,100 wallet addresses holding the token, and $3 billion can essentially be considered a milestone for the Solana chain!

Operational advice: Everyone should gradually reduce their positions and avoid going all-in at the current price for returns of 3x or 5x!

For ultra-short term trading before the 20th, making daily trades is possible, but if you are planning for a long-term strategy, now is not a good time!

For mid to long-term, I would consider it only when the market cap drops below $850 million to $800 million!

This is not to say that $SONIC is bad; the ecosystem is indeed promising and represents a significant advancement for the Solana chain, but it hasn't reached a point where it can directly surge to a $10 billion market cap!

Today marks the second day of its online launch; you can track it for ultra-short-term trading using 5/15-minute signals!

So everyone, do your own research!