The cryptocurrency Sonic (S) surprised many market participants by showing a 50 percent increase in February 2025, despite overall declining market trends. The main factors for this growth were the increase in locked value and changes in investor preferences.
Sonic’s TVL Growth and Market Performance
Starting in December 2024 from near-zero levels, the total value locked (TVL) in Sonic EVM rose above 200 million dollars by early January 2025. Throughout January and early February, the TVL maintained steady growth, reaching about 500 million dollars before a significant spike following February 15. Investor confidence remained strong as indicated by the lack of major retracements.
Key Market Shift in February
February 15, 2025, marked a pivotal moment as Sonic’s TVL sharply increased, coinciding with a drop in value of some Solana meme coins. Investors reallocated their funds into Sonic’s ecosystem, leading to a parabolic increase in TVL beyond 700 million dollars. This aligns with observations by expert Miles Deutscher regarding Sonic’s ability to capitalize on market shifts.
Sonic Price Support Levels and Future Prospects
Technical analysis highlights significant price support for Sonic around 0.2499 dollars, which has previously held back declines. The 0.4834-dollar level is viewed as the key obstacle to further gains. Increasing inflows into Sonic continue to reinforce investor confidence in the ecosystem and may attract additional capital amid instability in other platforms.
The evolution of Sonic (S) in the context of increased TVL and market changes reflects its ability to adapt and attract capital during challenging periods for the crypto market. Sustained investor interest may continue to support growth if current market conditions persist.
