- The sonic whales have been selling the assets for weeks, causing its fall.
- The cash traders on the market begin to counter the movements of whales by changing the speech.
Sonic (s) has been down for an extended period, with a weekly loss of 27.11 % while market players become lower.
The downward wave seems to have continued to intensify since the asset has dropped by 9.53%, under the increasing pressure of whales. Ambcrypto has since discovered that cash traders could play a role in prevention of new price reductions.
Whales continue to sell Sonic
Large investors, also known as whales, who control a large share of an asset between 0.1 % and 1 %, continued to sell S.
In the last only 24 hours, Intotheblock recorded that this cohort had sold 8.66 million tokens S worth 5.41 million dollars at the time, thus contributing to the recent drop in prices.
Source: in the block
This current sale represents a considerable decline compared to the 65.17 million tokens sold on January 21, which suggests that the whales could approach a exhaustion point.
However, for the moment, there are even more basin whales than upward whales on the market. During last week, there were 131 lowering and 114 bullshit on the market, which means that there are 6.94 % more lowering.
While the whales continue to sell and could be about to run out, Ambcrypto noted that compression of the offer could be close as the cash traders move.
Spot traders counter whales
While the whales continue to sell, the cash traders have started to gradually reduce their assets on the stock market in the last 24 hours.
The net exchange flow shows that a total of 1.05 million Sonic has been removed from exchanges. When this happens, this indicates that traders are ready to keep the assets for an extended period.
Source: in the block
A movement like this tends to gradually cause compression of the offer as the Sonic tokens available are starting to decrease, potentially corresponding to demand.
This will depend on the question of whether the cash traders continue to move their assets to private portfolios, passing the current weekly flow flow of a positive amount of $ 7.08 million to a negative figure.
If this movement of distance from the exchanges continues and if the sales of whales finally reach their maximum exhaustion, it is likely that s could experience an increase in the rise.
Gradual increase in volume
The overall volume of Sonic has continued to increase since January 1, starting with an opening volume of around $ 890,000 and reaching $ 15.47 million, according to Defillama.
Read the Sonic (s) prices 2025-2026
As a rule, the increase in volume does not indicate a bullish or bearish scenario as an autonomous measure. However, if the price management changes when the feeling potentially leans in favor of the bruises, then s could experience a rapid increase.
Indeed, the simultaneous growth of the price and the volume shows that there is a strong dynamic of purchase on the market, leading the asset to a faster increase.
