Sonic (S) price has surged 13% in the last 24 hours following Binance's expansion of support for the token across its ecosystem, including Earn, Buy Crypto, Convert, Margin, and Futures services. The migration from Fantom (FTM) to S has also commenced, enabling seamless token swaps and broadening Sonic's utility.
Binance Integration Drives Sonic Price Rally
On January 16, Binance announced the integration of Sonic (S) into multiple services, triggering a 13% price surge. Key updates include:
- Earn Products: Flexible and Locked Earn options with APRs up to 3% for 120-day lock periods.
- Margin Trading: S is now available for borrowing on Cross and Isolated Margin, with VIP users gaining early access.
- Futures: USDT Perpetual Contract launched with 75x leverage.
👉 Explore Binance's Sonic offerings
These enhancements aim to boost liquidity and trader engagement, reinforcing Binance’s reputation as a leader in crypto innovation.
Fantom (FTM) to Sonic (S) Migration: Key Details
The migration marks a pivotal shift in Sonic’s ecosystem:
- 1:1 Token Swap: FTM holders can upgrade via the MySonic portal without fees.
- Exchange Support: 13 major exchanges, including Binance, now list S.
- Timeline: Unrestricted swaps for 90 days, followed by upgrade-only mode.
Despite the transition, Fantom remains operational with a TVL exceeding $168 million, and 190.5 million S tokens are reserved for ecosystem incentives.
Sonic Price Analysis
As of January 2025, Sonic trades at $0.7784, with key metrics:
- 24-Hour Range: $0.70 – $0.845
- Market Cap: $2.24 billion
- Weekly Gain: 20%
The rally reflects growing confidence amid Binance’s support and the successful FTM migration.
FAQ
Q: How do I swap FTM for S?
A: Use the MySonic portal for a 1:1 upgrade. Exchanges will auto-convert holdings.
Q: What APR does Binance Earn offer for S?
A: Up to 3% for 120-day locked staking.
Q: Will Fantom blockchain continue operating?
A: Yes, Fantom remains live with existing TVL.
👉 Discover more about Sonic’s integration
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