Sonic activity surges 89% – will price catch up or stall again?

Sonic’s active addresses surged by 89% in just a week, reflecting robust user engagement.

Despite increased activity, Sonic’s price fell by 7.08% to 0.3411 USD, indicating a disconnect between user engagement and market performance.

Negative netflows of -495.89K USD and decreased whale activity signal cautious market sentiment, with traders closing positions and a lack of bullish momentum.