Key Notes

• Sonic community approved a $150M expansion with 99.99% support.
• Plans include a US-regulated ETF and $100M investment program.
• 150M new tokens to fund growth, partnerships, and institutional adoption.

Sonic S $0.31 24h volatility: 4.3% Market cap: $986.31 M Vol. 24h: $98.82 M , formerly known as Fantom, has taken a bold step toward institutional adoption after its community voted overwhelmingly in favor of a $150 million expansion strategy aimed at breaking into the United States market.

The proposal, backed by 99.99% of participants, will fund a $50 million ETF initiative, a $100 million investment program, and the creation of a Delaware-registered company, Sonic USA, based in New York City.

S🇺🇸nic is coming.

Governance passed. Stay tuned. pic.twitter.com/3t3cRFze1u

— Sonic (@SonicLabs) August 31, 2025

A Strategic Break From Old Tokenomics

The move marks a decisive shift from Sonic’s “2018 tokenomics,” under which the Fantom Foundation distributed most of its token supply to the community, leaving itself with just 3% at launch.

While this approach showed its community-first reputation, it also left the foundation unable to fund exchange listings, acquisitions, and strategic partnerships.

By issuing 150 million new S tokens, Sonic now seeks to level the playing field with competitors that usually control 50%–90% of their supply.

Launching an ETF

The plan includes launching a US-regulated ETF through a provider with over $10 billion in assets under management, with custody handled by BitGo.

A private investment in public equity (PIPE) structure will lock S tokens for three years in exchange for strategic treasury purchases, bolstering institutional confidence.

On-chain, Sonic will also revise its fee mechanisms to burn more tokens, responding to long-standing community calls for deflationary pressure.

The nearly unanimous vote, 860.6 million in favor versus just 51,200 against, signals overwhelming community support for Sonic’s pivot toward institutional-grade finance.

~700M $S was the stake required to vote in favor of the proposal for quorum to be reached, representing 55% of the network’s staking power.

At the time of writing, ~860M $S has voted in favor, resulting in the proposal’s approval.

🔗 https://t.co/luPwPoYaZO

— Sonic (@SonicLabs) August 31, 2025

Price Analysis: S Token Consolidates Ahead of Breakout

At the time of writing, S is trading around $0.31, consolidating within a symmetrical triangle pattern visible on the daily chart. Bollinger Bands are tightening, suggesting an imminent volatility spike.

A breakout above resistance at $0.34-$0.35 could open the path toward $0.42, with a stronger push potentially targeting $0.50 if momentum builds around ETF progress.

However, a failure to hold support near $0.29 risks a retest of $0.26, with further downside toward $0.22 if selling pressure intensifies.

S token’s price chart as of September 1st. | Source: TradingView

Meanwhile, the RSI sits near 47, showing no strong momentum bias, while the MACD hovers close to the signal line, awaiting a decisive move.

The Chaikin Money Flow (CMF) at –0.01 suggests subdued capital inflows, reinforcing the idea of a coiled market awaiting direction.

With community approval secured and a roadmap focused on US market penetration, traders should watch the $0.34-$0.35 resistance closely, as S could very well be the next crypto to explode.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn