Fantom (FTM) Token Is Rising! Here's Why:

1️⃣ Sonic Upgrade Hype: The main driver of Fantom's price surge is the upcoming Sonic upgrade, which promises to increase the network's transaction processing speed to over 2,000 transactions per second (TPS). The upgrade also includes improvements to the Fantom Virtual Machine and consensus mechanism, making the blockchain faster and more efficient. The anticipation of these improvements has led to increased interest in FTM.

2️⃣ Whale Activity Spike 🐋: Large-scale investors, known as "whales", have significantly increased their activity with FTM, with whale transactions skyrocketing by 980%. This spike in large transactions typically indicates strong confidence among large investors, which often leads to further price momentum. When whales start accumulating, it is usually a sign that they expect the token price to rise further.

3️⃣ Growing DeFi Ecosystem 🌐: Fantom’s total value locked (TVL) in the decentralized finance (DeFi) ecosystem has increased by 55%, indicating that more users are participating in Fantom’s DeFi projects. This increasing TVL signals growing demand for Fantom-based DeFi applications, contributing to its overall price increase.

4️⃣ Rebranding to Sonic Labs 🎯: The Fantom Foundation’s rebranding to Sonic Labs and plans to change its token from FTM to S have also created a buzz in the community. These strategic moves are designed to refresh the project’s image and attract more attention