FTM up 28% in 30 days vs SUI and majors: the Sonic catalyst case
FTM is up over 28% in 30 days versus SUI at +1.8%, ETH -12% and SOL -17%. Attributes it to the Sonic testnet (720ms finality, 90% of gas to devs) and the Sonic Boom program, with Gems making up 37.5% of the S airdrop.
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How the calls played out · since 09 Sep 2024
Prices as of 23 Oct 2026This piece takes a view on $FTM, $S, so those moves are read against the call. Other assets it covers are shown as context, not as calls.
Bullish on FTM as it outperforms SUI, ETH and SOL on the back of the live Sonic testnet.
- At publication
- $0.412
- Now
- $0.0506
- vs BTC
- −92%
- After 1 month
- +64%
- After 3 months
- +222%
- After 1 year
- −25%
- High since
- +247% 16 Dec 2024
- Low since
- −95% 06 Aug 2026
Bullish on S ahead of mainnet and token migration, citing gas monetization, account abstraction and Sonic Gems airdrop.
- At listing
- $0.989
- Now
- $0.0519
- vs BTC
- −94%
- After 1 month
- −53%
- After 3 months
- −50%
- After 1 year
- −91%
- High since
- 0.0% 05 Jan 2025
- Low since
- −98% 26 Jun 2026
Show market context for 3 other assets
Zero has written 10 more pieces on Fantom and Sonic Labs and $FTM and $S since this one.
- Sonic five months in: $1B TVL and highest net inflows YTDOn Sonic
- Sonic gas fee monetization: up to 90% of fees back to appsBullish call on $FTM
- FTM to $1 before Sonic mainnet: the bull caseBullish call on $S
- FTM above $0.7 ahead of Sonic mainnet and S token migrationBullish call on $S
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.