Why is $S in free fall? What bad luck!

🇮🇷It turns out that the Iranian exchange was emptied by hackers!

Real fate... It's also a good opportunity to buy at the bottom.

Why is Sonic plummeting?

Is it a bargain hunting opportunity?

The ecosystem is actively building, and the price of $S has been falling. There must be a reason.

It fell by -44% in 30 days, and fell by 15% yesterday.

Let's find the main force of the market crash 🤦

1⃣️ $S exchange fund flow

I checked, from 2018 to 2025, the main inflow of $S/$FTM tokens into exchanges.

Binance inflow: 33%, $22.5M

https://t.co/iKhL5JLvyT: 27%, $18.3M

Kucoin: 11%, $7.36M

I have never heard of this https://t.co/iKhL5JLvyT? ? It is actually the top 2

Then I found out that it is an Iranian exchange... https://t.co/Ca5rVvjkMf

According to @zachxbt, the Iranian cryptocurrency exchange was hacked and robbed of $81.7 million.

This is the $S holdings of the https://t.co/iKhL5JLvyT exchange on June 20, 2025, holding $8.43M, about 26M of $S tokens.

It is the top 9 of all Sonic wallets holding coins

On June 21, 2025, the exchange's $S holdings were 1.01

99.9% of the positions were sold, and the $S tokens fell by -15% on the same day 📉

Iranian exchange wallet: https://t.co/yHUultOKST

The assets liquidated at the same time include: $ETH $S $BNB $SHIB