Sonic price action has been lackluster in August. There were no major movements, and S crypto is trading within a narrow range, capped at $0.35 on the upper end with support around $0.30. At current rates, S USD is trending near 2025 lows. However, Sonic crypto holders remain optimistic, believing prices will recover and even retest December 2024 highs in the coming sessions.
This optimism stems from Sonic, previously Fantom, maintaining its position as a high-performing mainnet. According to DefiLlama data, onchain activity has increased over the past few months. The Sonic crypto ecosystem currently manages over $360 million in total value locked (TVL), with Sonic dapps generating over $62,000 in fees in the last day.
(Source: DefiLlama)
While mainnet activity is decent, traders are closely monitoring the S crypto price, eager to see how S/USDT will behave. On Coinglass, trading volume in the last day dropped -16% to $7.6M, and open interest fell nearly -3% to $22.3M. This decline in open interest suggests traders are either closing positions or hesitating until a clear trend emerges.
(Source: Coinglass)
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Sonic Price Consolidating: Will S Crypto Break $0.40? Sonic Labs Targets the United States
On the S USD daily chart, the Sonic price remains fragile. The local support is at $0.30, with resistance at $0.35. Following the mid-July 2025 dip,
Price
/24h
Volume in 24h
Price 7d
prices traded sideways through August, a trend continuing into early September, with sellers holding the upper hand.
Unless prices close below $0.30, buyers have a chance. As such, the current consolidation could set the stage for gains in the days ahead. One analyst on X noted that S crypto is at the bottom of a horizontal channel and poised for a major breakout.
(Source: Santoshroy, X)
When prices consolidate, traders often have opportunities to capitalize on breakouts. For Sonic, if S USD breaks above $0.35, it could surge to $0.40 and even spike to $0.63.
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Beyond a possible crypto market recovery, where top Solana meme coins may also rally, recent developments could propel Sonic prices.
Sonic Labs registered their first major governance win, with 99.99% approval from S crypto holders for a proposal to bridge DeFi with traditional finance.
They want to integrate their ecosystem with the U.S. financial system through three key initiatives. One includes allocating $50 million in S crypto to expedite approving and listing a spot S ETF, with BitGo as the official custodian.
(Source: Sonic Network)
Additionally, Sonic Labs plans a $100 million private investment in public equity (PIPE) deal, listing a regulated entity on Nasdaq with S crypto locked for three years. This strategic treasury approach, where a public company holds S crypto, could reduce supply and support price growth.
Sonic Labs has also established Sonic USA LLC in Delaware to drive U.S. operations. They will appoint a CEO and build a team to drive adoption and regulatory compliance.
As Sonic Labs eyes the U.S., the Sonic Network is growing rapidly. Deployed contracts have increased by 18%, soaring above 225,000 smart contracts.
(Source: Sonic Network, X)
The Sonic Fee Monetization Program, rewarding developers with up to 90% of transaction fees, has distributed over $5 million to voters and generated over $3.5 million in fees for Shadow Exchange, Sonic’s top DEX.
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Will Maxi Doge Ride on Sonic Crypto’s Success?
Despite Sonic Labs’ ambitions, S crypto prices remain stagnant, prompting some retail investors to explore alternatives.
Currently, attention is on Maxi Doge, a trending meme coin. It’s easy to see why it’s one of the hottest crypto presales.
Maxi Doge aims to dethrone Dogecoin as a top meme coin, focusing solely on entertainment.
Portrayed as an underdog compared to Dogecoin, which has a larger market cap and lower growth potential, Maxi Doge targets degen traders seeking high-leverage opportunities for significant gains.
Over $1.8M has been raised in the ongoing Maxi Doge presale. Each MAXI meme coin is trading at $0.0002555, but this will increase in the next 36 hours.
DISCOVER: Top 20 Crypto to Buy in 2025
Sonic Price Holds $0.30 But S Crypto Bullish, Maxi Doge Raises $1.8M
- S crypto is steady above $0.30
- Will the Sonic price break from the current consolidation
- Sonic Labs eyeing the United States
- Maxi Doge raises over $1.8M
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