Sonic price is on the move, jumping nearly 9% over the past day to trade around $0.2820. That push puts it among the top three gainers on CoinMarketCap at writing. Volume is also up by about 40%, showing there’s some serious interest building behind the rally, especially while the rest of the market is mostly quiet or in the red.
So what’s behind the sudden momentum? One big trigger came from a tweet by DoctorDeFi, who revealed that USDC is coming to the Sonic network via Coinbase. The key detail? Transactions will settle in under 0.3 seconds with instant finality on Layer 1. That kind of speed could be a game-changer for users moving funds between exchanges and wallets.
Soon @coinbase users will experience instant finality in action! @USDC is coming to Coinbase on Sonic network ( $S @SonicLabs)Coinbase to wallet withdrawal and deposit in less than 0.3 seconds without waiting for confirmation (Instant finality on L1) pic.twitter.com/sOlOYV3bY2
— DoctorDeFi (@DoctorDeFi) June 23, 2025
Whale activity is also playing a role. Some Guy, a market observer, shared on X that one wallet scooped up $250,000 worth of $S in a single day, pushing its total holdings above 2 million tokens. That kind of buy tends to spark confidence among smaller traders, and there’s speculation that more big purchases could be happening quietly.
Read Also: Kaspa (KAS) Price Prediction for Today (June 23)
A wallet purchased $250k worth of $S in the past day to take it's total to just over 2m in S.Sell your S if you want, but people are buying pic.twitter.com/KMbcyTxq8S
— Some Guy (@ShakaOz) June 23, 2025
To top it off, SonicInsider pointed out that $S has re-entered CoinGecko’s top 100 and is one of the few top-performing coins while much of the crypto market struggles. With the Permissionless conference just around the corner, and Sonic Labs set to host a livestreamed event, some traders are eyeing this rally as the start of something bigger.
What’s Next for Sonic (S) Price in 2025?
Technically, Sonic price is trading within a falling wedge on the 4H chart, a pattern that often signals an upcoming reversal. Top analyst Globe Of crypto shared that the token has bounced from wedge support and is now heading toward the upper boundary, currently near $0.32.
Source: X/GlobeofCrypto
A breakout above that resistance with increased volume could trigger a 45–50% price recovery, targeting levels between $0.38 and $0.45. The $0.26–$0.27 zone has acted as a strong support area, holding multiple times throughout June.
From a broader perspective, the Fantom (FTM) chart, which Sonic migrated from, shows that the asset is trading at the bottom of a long-term ascending wedge that dates back to 2020. This lower band, which previously supported prices during major crashes, is once again in play. A breakout from this zone could bring resistance near $1.00 into focus.
I won’t get tired of saying it: the upside potential is parabolic $S @SonicLabs pic.twitter.com/skkTpFeyFD
— Gasp.sonic (@lymbothecat) June 23, 2025
Sonic longer-term supporters remain optimistic. Top analyst Grasp.sonic posted that the project still holds “parabolic upside.” Meanwhile, Jago joked that they expect $S to hit $5 “in a few months.”
This will literally be me when $S hits $5 in a few months.In fact, is anyone from the @SonicLabs community a good video editor?I have a task for you.@0xRoninSam @_lfausto work your magic, there's a humorous video that requires editing for Soonic bullposting purposes. pic.twitter.com/ziaXDCRRcH
— Jago (@0xJagoilio) June 23, 2025
With both technical and event-based catalysts aligning, traders are watching whether $S can maintain momentum and confirm a breakout above the current wedge pattern.
Read Also: Bitcoin (BTC) Price Hasn’t Dropped Below $100K in Over a Month – Here’s What That Means
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Sonic (S) Price Surges: What’s Fueling the Rise and What’s Next? appeared first on CaptainAltcoin.
