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Decoding Sonic’s 24% monthly rally – What every investor needs to know

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Will Sonic’s next move be meteoric escape velocity or savage snap-back?

Sonic rallies 24% as activity soars – So why are Binance elites shorting it?
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  • Sonic gained 24% monthly and 1.20% daily, maintaining bullish momentum overall.
  • Sonic’s on-chain strength contrasts bearish trader behavior, creating a split in market outlook.

Sonic [S] rallied 24% over the past month and gained another 1.20% in the last 24 hours.

This upward movement is likely to continue if market momentum grows. However, a major threat still looms.

Sonic leads major blockchains in market activity

Market sentiment has shifted in favor of Sonic (S) crypto, as several indicators show strong buyer interest. This interest is evident in the growth of addresses over the past weeks.

According to Nansen, Active Addresses for the memecoin doubled last week, surpassing 45,000.

Source: Nansen

The price increase during this period suggests most of these addresses belong to buyers, likely accumulating as selling pressure remains low.

On top of that, activity on decentralized exchanges (DEXs) reflected the same momentum.

DEX volume surged by 26% in the past week to $788 million, placing Sonic ahead of Avalanche [AVAX], Hyperliquid [HYPE], Aptos [APT], Polygon [MATIC], and Tron [TRX].

Such positive activity on Sonic tends to boost S’s utility and demand.

There has also been a significant liquidity inflow into the Sonic chain, placing it ahead of every other blockchain.

Source: Artemis

As per Artemis data, Sonic recorded a Bridged Netflow of $37.1 million — the highest among all blockchains.

Inflows of this magnitude often signal accumulation and may precede explosive moves if capital continues flowing in.

Binance top traders show selling pressure

However, sentiment from top Binance traders told a different story.

According to CoinGlass, the Long-to-Short Ratio for Binance’s top traders shows a strong tilt toward selling.

The Long-to-Short Ratio indicates whether buying or selling dominates, with values below 1 reflecting higher selling activity.

At press time, Binance’s top traders have a ratio of 0.7435, signaling elevated selling.

Source: CoinGlass

Moreover, market-wide signals added to the caution. The Open Interest Weighted Funding Rate stood at -0.0008% at press time — a subtle but clear bearish lean.

This metric combines Open Interest and Funding Rates to measure directional bias in derivative markets. A negative reading like this hints at increased short positions relative to longs.

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Olayiwola Dolapo is a Crypto Research Analyst at AMBCrypto, driven by a mission to make the digital asset space more transparent and understandable for all. His journey was catalyzed by an early experience in the market that underscored the importance of deep, foundational knowledge—a principle that now guides his professional work. His expertise is grounded in a Bachelor's degree in Chemistry. However, he also has a strong interest in economics which provides him with a strong framework for analyzing market behavior and the financial principles of blockchain technology. He combines this economic perspective with a specialization in technical analysis and on-chain data interpretation. This dual approach allows him to dissect price trends while also evaluating the underlying health and activity of a network. At AMBCrypto, Dolapo is dedicated to producing data-driven, educational content. He meticulously uses on-chain tools and technical charting to identify and explain emerging opportunities, helping readers move beyond hype and make decisions based on robust analysis. His work is a testament to his commitment to helping others navigate the complexities of the crypto market with clarity and confidence.
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