Binance Integrates Sonic Chain, Unveils Exclusive Airdrop Campaign
May 2, 2025, 6:45 a.m.
3 sources
positive
Binance Wallet has officially integrated support for Sonic Chain, a blockchain network that has rebranded from Fantom (FTM). The announcement details plans for an airdrop campaign where special “S” coins and additional Sonic Chain ecosystem assets will be distributed to active investors via Binance Alpha. Users can access Sonic Chain through the Binance app by navigating to Markets > Alpha > Sonic. Despite being a major project valued at $1.65 billion and led by renowned developer Andre Cronje, the coin has experienced a 30% value drop since its transition from Fantom. Binance confirmed that eligible transactions through the Binance Wallet and Binance Alpha platform will be rewarded, with full airdrop details expected to be disclosed soon.
SONIC
The Binance integration and upcoming airdrop are likely to stimulate investor interest and trading activity for SONIC. In the short term, the news may lead to heightened volatility as investors await detailed airdrop parameters, potentially driving a price rebound from the recent 30% drop. Long-term, the backing by a major exchange like Binance could enhance market credibility and drive adoption, supporting a gradual price increase. Factors considered include the significant institutional backing through Binance, historical patterns of increased liquidity and user engagement following such integrations, and the anticipated detailed airdrop campaign acting as a catalyst for renewed investor confidence.
Sources
Binance Web3 Wallet integrates Sonic blockchain, enabling airdrops
crypto.news
01.05.2025 15:13
Binance Announces Support for a New Altcoin Network and Airdrop
Bitcoin Sistemi
01.05.2025 18:16
Binance Wallet Backs Sonic Chain With Airdrop for Traders
crypto-news-flash.com
02.05.2025 09:00
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