The post Sonic Holders Accumulate Millions as Price Tests Key Levels appeared on BitcoinEthereumNews.com. Top 25 wallets added 12.22M SONIC, led by SonicLabs treasury accumulation. Accumulation may link to governance vote, RWA tokenization, or liquidity pool plans. Analyst Van de Poppe says Sonic has strong support and big upside potenti Sonic (S) is trading around $0.29 at the time of writing, down slightly on the day. Despite the pullback, activity from large holders has turned heads in the market. Top Holders Add 12 Million SONIC In the past 24 hours, the top 25 Sonic wallets accumulated 12.22 million tokens. This amount is more than 51 times the daily average, according to on-chain data. The buying was led by the SonicLabs treasury, hinting that most of the wallets involved are connected to the project itself. 🚹 Breaking: in the past 24 hours, the top 25 Sonic holders added +12.22M tokens – This is 51x the daily average – The surge is led by @SonicLabs treasury– the 25 wallets are all likely owned by Sonic So what is likely the reason? đŸ€” – the team are positioning themselves for
 pic.twitter.com/5WrQKibeGA — Intel Scout (@IntelScout) September 17, 2025 There are speculations that the move could be linked to upcoming developments. These include preparation for an institutional governance vote, progress in real-world asset (RWA) initiatives such as FinChain’s $328 million tokenization project, and possible allocation of SONIC to support RWA trading and liquidity pools. Related: Analyst Singles Out XRP to Rival Bitcoin. Not in Price Though Sonic Hasn’t Seen An ‘Uptrend’ Yet Analyst MichaĂ«l van de Poppe said the Sonic ecosystem is one worth keeping an eye on. He explained that the project is holding on to strong support levels, which shows that its price has a solid foundation. According to him, the potential for upside remains big, even though Sonic has not yet entered a clear uptrend.
 The post Sonic Holders Accumulate Millions as Price Tests Key Levels appeared on BitcoinEthereumNews.com. Top 25 wallets added 12.22M SONIC, led by SonicLabs treasury accumulation. Accumulation may link to governance vote, RWA tokenization, or liquidity pool plans. Analyst Van de Poppe says Sonic has strong support and big upside potenti Sonic (S) is trading around $0.29 at the time of writing, down slightly on the day. Despite the pullback, activity from large holders has turned heads in the market. Top Holders Add 12 Million SONIC In the past 24 hours, the top 25 Sonic wallets accumulated 12.22 million tokens. This amount is more than 51 times the daily average, according to on-chain data. The buying was led by the SonicLabs treasury, hinting that most of the wallets involved are connected to the project itself. 🚹 Breaking: in the past 24 hours, the top 25 Sonic holders added +12.22M tokens – This is 51x the daily average – The surge is led by @SonicLabs treasury– the 25 wallets are all likely owned by Sonic So what is likely the reason? đŸ€” – the team are positioning themselves for
 pic.twitter.com/5WrQKibeGA — Intel Scout (@IntelScout) September 17, 2025 There are speculations that the move could be linked to upcoming developments. These include preparation for an institutional governance vote, progress in real-world asset (RWA) initiatives such as FinChain’s $328 million tokenization project, and possible allocation of SONIC to support RWA trading and liquidity pools. Related: Analyst Singles Out XRP to Rival Bitcoin. Not in Price Though Sonic Hasn’t Seen An ‘Uptrend’ Yet Analyst MichaĂ«l van de Poppe said the Sonic ecosystem is one worth keeping an eye on. He explained that the project is holding on to strong support levels, which shows that its price has a solid foundation. According to him, the potential for upside remains big, even though Sonic has not yet entered a clear uptrend.


Sonic Holders Accumulate Millions as Price Tests Key Levels

By: BitcoinEthereumNews
2025/09/18 05:22
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  • Top 25 wallets added 12.22M SONIC, led by SonicLabs treasury accumulation.
  • Accumulation may link to governance vote, RWA tokenization, or liquidity pool plans.
  • Analyst Van de Poppe says Sonic has strong support and big upside potenti

Sonic (S) is trading around $0.29 at the time of writing, down slightly on the day. Despite the pullback, activity from large holders has turned heads in the market.

Top Holders Add 12 Million SONIC

In the past 24 hours, the top 25 Sonic wallets accumulated 12.22 million tokens. This amount is more than 51 times the daily average, according to on-chain data. The buying was led by the SonicLabs treasury, hinting that most of the wallets involved are connected to the project itself.

There are speculations that the move could be linked to upcoming developments. These include preparation for an institutional governance vote, progress in real-world asset (RWA) initiatives such as FinChain’s $328 million tokenization project, and possible allocation of SONIC to support RWA trading and liquidity pools.

Related: Analyst Singles Out XRP to Rival Bitcoin. Not in Price Though

Sonic Hasn’t Seen An ‘Uptrend’ Yet

Analyst Michaël van de Poppe said the Sonic ecosystem is one worth keeping an eye on. He explained that the project is holding on to strong support levels, which shows that its price has a solid foundation. According to him, the potential for upside remains big, even though Sonic has not yet entered a clear uptrend.

Source: X

Van de Poppe added that if the price breaks above the moving average (MA), it could trigger a strong rally, opening the door for much larger gains.

“Breaking through the MA would indicate that there’s a ton of upside to come, as it hasn’t seen an uptrend as of yet,” he wrote.

Technical Outlook

Sonic has shown strength since rebounding from its $0.18 bottom. Sonic has bounced strongly from its $0.18 low, flipping the $0.238 resistance into support. The token is now trading around $0.29, with the next target set at $0.32 if momentum continues.

If the price fails to break higher, analysts see support around $0.209–0.21 as the key zone to watch.

Related: XLM, CRO, SEI and ENA: Sub-$1 Altcoins With Real Catalysts for 2025

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/sonic-holders-accumulate-millions-as-price-tests-key-levels/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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