Sonic’s total value locked decreased by 140 million USD, highlighting rapid liquidity exit and bearish market conditions. Retail investors have started offloading their assets after a period of accumulation, adding pressure to Sonic’s price.
The decline in Sonic by 11.25% is linked to a significant drop in stablecoins used on the platform and a 27.28% decrease in Aave’s TVL, suggesting major withdrawals from large holders.
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