Sonic gains 11% as Binance stakes 76 million S, price tests $0.05 resistance zone

In the last 24 hours, Sonic's S token climbed over 11% and moved above a short-term range, with traders watching the $0.05 level as key resistance. On-chain data showed more than 8,000 new addresses and a unique address count of 6,363,244, while Binance staked 76 million S tokens, even as daily transactions, fees and some activity metrics declined.