Sonic Soars 15% as Binance Wallet Adopts S Token—TVL Smashes Records

Sonic defies gravity with a 15% surge—just as Binance Wallet rolls out S token integration. Total value locked (TVL) punches through its all-time high, proving once again that crypto markets move faster than a trader’s attention span.

Behind the rally: Binance’s latest wallet upgrade now supports Sonic’s native token, sparking a liquidity rush. ’Strategic partnership’ or just another exchange fishing for fees? You decide.

Meanwhile, TVL’s meteoric rise suggests either genuine adoption or the usual suspects recycling capital to fake progress. In crypto, the line between innovation and creative accounting remains blurrier than a memecoin’s whitepaper.

If the price maintains above $0.57 and the volume stays high, the next significant resistance level is $0.60. A clear breakout above that might lead to $0.68. Sonic may revert to its previous range of $0.45–$0.50 if the breakout fails and the price falls below the 50-day moving average at about $0.50.

Looking ahead, Sonic Labs will host the Sonic Summit from May 6–8 in Vienna, Austria, with participants including Trust Wallet. Anticipation of major announcements at the event could sustain bullish momentum for the S token.