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Sonic (prev. FTM) news

Crypto markets face a week of high stakes, with potential tariffs, network upgrades, and token unlocks creating both risks and opportunities for traders.

Just a week after co-founder Andre Cronje revealed that the firm was building a USD-based algorithmic stablecoin offering an annual percentage rate of up to 23%, the company made an abrupt U-turn.

Sonic Labs plans to introduce a Dirham-backed stablecoin, signaling the UAE's strong crypto adoption.UAE Embraces Crypto with Dirham-Backed StablecoinWhy a Dirham-Backed Stablecoin MattersLooking Ahead
Share link:In this post: Sonic Labs has announced plans to ditch its algorithmic stablecoin, opting for a UAE dirham alternative. Cronje announces a new shift amid the UAE’s decision to launch its digital dirham central bank digital currency (CBDC). Authorities have frowned against algorithmic stablecoin after the Terra collapse in 2022.
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Sonic (prev. FTM) Social Data
In the last 24 hours, the social media sentiment score for Sonic (prev. FTM) was 3, and the social media sentiment towards Sonic (prev. FTM) price trend was Bullish. The overall Sonic (prev. FTM) social media score was 0, which ranks 1832 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Sonic (prev. FTM) being mentioned with a frequency ratio of 0%, ranking 1832 among all cryptocurrencies.
In the last 24 hours, there were a total of 18 unique users discussing Sonic (prev. FTM), with a total of Sonic (prev. FTM) mentions of 1. However, compared to the previous 24-hour period, the number of unique users decrease by 22%, and the total number of mentions has decrease by 83%.
On Twitter, there were a total of 0 tweets mentioning Sonic (prev. FTM) in the last 24 hours. Among them, 0% are bullish on Sonic (prev. FTM), 0% are bearish on Sonic (prev. FTM), and 100% are neutral on Sonic (prev. FTM).
On Reddit, there were 1 posts mentioning Sonic (prev. FTM) in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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