Wintermute Powers Market Making for $SONIC

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Wintermute, a well-known market maker, is actively facilitating the liquidity for $SONIC, the token associated with the Solana-based gaming public chain.

Two days ago, Wintermute’s address, 7sMiW…uLBBE, received a total of 3.6 million $SONIC tokens, distributed by the project for market-making purposes. This batch represented 1% of the token’s initial circulating supply, and all the tokens have since been recharged to the exchange, helping boost liquidity for the token in the market.

ai16z Holdings and Whale Activity

In addition to the market-making activities surrounding $SONIC, significant whale activity continues to shape the landscape. The TOP7 Whale, associated with the $Ai16z holdings, currently holds $6.4 million in ZEREBRO and $2.36 million in $SONIC. This highlights continued interest in $SONIC tokens as part of broader investment strategies.

$SONIC Now Listed on Binance Futures

A major milestone for $SONIC was its recent listing on Binance Futures. Users can now trade the $SONIC token on Binance Futures with up to 75x leverage. This marks an important step for $SONIC, which is the first atomic SVM Layer 2 built for gaming on the Solana blockchain. Within just a day of its launch, $SONIC has made its way onto 11 major centralized exchanges (CEXs), including Binance, signaling strong demand and investor confidence in the project.

The listing on Binance Futures opens up new trading possibilities for $SONIC, offering high leverage and increased accessibility. This step underscores the growing prominence of Solana-based tokens in the gaming sector and their expanding role in the broader crypto market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

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