The recent 40% surge in PYTH token price has surprised many market participants. Key factors contributing to this include integration with Sonic Labs and collaboration with Integral.
Integration with Sonic Labs
One of the main catalysts for the growth was the recent integration of **Pyth** with **Sonic Labs**. This platform, focusing on speed and scalability, now leverages low-latency pricing data from Pyth, enabling implementation in dApps across over 100 connected blockchains.
Partnership with Integral
Additionally, Pyth announced a partnership with **Integral**, a tech firm that assists financial institutions in distributing pricing data. This collaboration allows major players like banks and brokers to share their data via Pyth, promising an improvement in quality and accuracy of pricing data for DeFi users.
Expected Risks and Analyst Opinions
Despite the optimism, some analysts are cautioning against being overly enthusiastic. One of them, **@ArunCrypto**, stated: "$PYTH is about to unlock $400 MILLION worth of tokens in 10 days... This could trigger a massive sell-off." His analysis highlighted that the unlocking will increase circulating supply, potentially negatively impacting the price.
The PYTH token price is under pressure from growing demand and new integrations; however, the upcoming unlock of a significant number of tokens raises concerns among analysts about a potential correction.
