Sonic Token Rises 7% After CMCC Global Invests $25M in Ecosystem

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SONIC-5.17%

S-1.794%

Source: Coinmarketcap

Updated: Oct 04 2025

Sonic Token Surge: Sonic's native token, S, experienced a 7% increase following the announcement of CMCC Global's $25 million Resonance fund aimed at enhancing liquidity and supporting DeFi projects within the Sonic ecosystem.
Institutional Support and Growth: The Resonance fund is designed to foster innovation and sustainable revenue for developers, reflecting growing institutional confidence in Sonic's potential within the DeFi space, as highlighted by Sonic Labs' CEO.
Market Recovery Indicators: Technical analysis shows signs of recovery for Sonic, with resistance at $0.28 and support at $0.24, suggesting potential upward momentum if key levels are maintained.
Expansion Initiatives: Sonic has been actively expanding its network, securing major exchange listings, integrating USDC issuance, and approving a $150 million expansion program, which includes significant investments to enhance its ecosystem.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Sonic Token Rises 7% After CMCC Global Invests $25M in Ecosystem

About the author

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