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Token S of Sonic increased by 16% after the listing information on Coinbase.
Sonic’s S token rose 16% to $0.3208 after Coinbase announced plans for a listing. S-USD trading starts from 24/6, only supports transfers on the Sonic network. Trading volume increased by 76% to $266.6 million, open interest increased by 9.57%. However, S is still down 68% from the peak. Sonic just airdropped $82 million in season 2 and integrated with 1inch to expand the ecosystem. CEO SonicStrategy expects the listing to help S access institutional capital flows.