FTM has risen more than 80% in two weeks! Sonic airdrop snapshot completed, who can get about 200 million S tokens?

The first block of Sonic (formerly Fantom) was born, AirdropSnapshot completed.

Earlier reports from "Crypto City" stated that the well-known public chain project Sonic Labs (formerly Fantom) has launched its testnet and introduced an Airdrop points activity. Recently, the official announcement was made that the first Block of the Sonic mainnet has been successfully created, indicating that the mainnet is about to go live, and the Airdrop Snapshot of S token has also been completed.

Sonic Labs aims to achieve 'sub-second transaction confirmation', processing 10,000 transactions per second and keeping the confirmation time within 1 second.

Recently, Sonic Labs launched the testnet 2.0 version 'Blaze'. The official claims that in the first batch of over 220,000 blocks, the average block generation time is only 1.17 seconds, and the final confirmation time for transactions is shortened to just 0.85 seconds.

As for the Airdrop matter that the Lu Mao Party is concerned about, Sonic Labs stated that it will airdrop approximately 190 million S tokens, with a current total value of up to $240 million on the official website, and they can be exchanged for Fantom ($FTM) at a 1:1 ratio in the future.

In addition, Sonic Labs will launch the Sonic gateway Ethereum cross-chain bridge in the future, which can not only introduce the huge user base and liquidity of Ethereum, but also maintain high efficiency and low cost.

Image source: Twitter Sonic previously launched 2.0 testnet Blaze

Fantom ($FTM) rose about 30% in a week.

Due to the impact of the upcoming launch of the Sonic mainnet and expected Airdrop, the price of $FTM surged by 20%, from $1 to a high of $1.34, reaching a new high since March 2022, with a total increase of over 80% in the past 14 days.

Analysts at BeInCrypto pointed out that the average trend indicator (ADX) of $FTM has risen to 35.6, far above the strong trend boundary of 25, indicating strong market momentum at present.

And from the on-chain data, the number of whales (holding from one million to tens of millions of dollars) of $FTM is gradually increasing, usually seen as a bullish signal. Analysts predict that if the upward trend continues, it will be expected to test the resistance between 1.4 and 1.5 dollars, which is about a 15% increase from the current price.

Image Source: BeInCrypto Fantom ($FTM) Price Trend Prediction Analysis

Sonic Airdrop nearly 200 million S tokens, who can claim?

Sonic Labs' Airdrop plan is divided into two parts: 'Sonic Arcade' and 'Sonic Boom'. The former is to earn points through free mini-games, and ultimately receive $S tokens based on the points; the latter is for developers, as long as they adopt Sonic's dApp products in the fields of borrowing, lending, NFT, yield farming, DePIN&AI, etc., they will have the opportunity to receive Sonic Gems.

《Cryptocurrency City》introduces how to play Sonic Arcade: 2 billion S coins! Sonic free Airdrop tutorial, play games to earn points, all methods in one glance

As of the time of writing, the above two Airdrop events have closed. The official Airdrop time has not been announced yet. Before the official follow-up notice comes, be sure to beware of phishing messages or websites.

With the upcoming launch of the Sonic mainnet and the completion of the AirdropSnapshot, cryptocurrency investors and technology enthusiasts are closely watching its future development. This also indicates that the current bull market battle among popular public chains such as Base, Sui, Aptos, Solana, etc., may become increasingly fierce.

【Disclaimer】There are risks in the market, and investment needs to be cautious. The content of this article is for reference only. Participating in cryptocurrency investment carries great risks. Users should refer to a more diverse range of indicators to determine whether to invest, and consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

FTM rose more than 80% in two weeks! Sonic Airdrop Snapshot completed, who can get about 200 million S tokens? This article was first published in 'Cryptocurrency City'.