Expert: Here’s Why Fantom’s S Token Crashed 90% After the Sonic Migration

TLDR: S token dropped 90% as Sonic migration failed to retain users and liquidity. The network offered $120M in incentives and 200M $S for airdrops but saw weak ecosystem growth. Binance’s FTM delisting announcement deepened user confusion during the transition. Analysts say Sonic’s collapse offers lessons for new Layer 1 networks like Monad and MegaETH. [...]

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