How to position for S: FTM bag, Sonic testnet and first NFT mint

18 Sep 2024Thread136 words

ThesisL1/L2 DeFi Sonic Labs Andre CronjeWorld of Umans$S $FTM

Bullish call$S−95%since listing, moved against the call · 1 more callHow it played out ↓

Lays out three ways to position for Sonic's S token and why S could be a Q4 runner: clean tokenomics, a high-performance EVM and Cronje's DeFi primitives, at a $1.8B FDV.

Key claims

S sits at $1.8B FDV

All unlocks done and supply almost fully diluted

Cronje is building natively integrated onchain credit scores

How can you position yourself for $S? Easy. ➤ Get a $FTM bag (migration to $S coming) ➤ Interact on @0xSonicLabs testnet (get $S airdrop) ➤ Stay tuned for @worldofumans NFT mint (1st collection on Sonic) Why? $S could be the big runner in Q4 looking at all the catalysts in place. No predatory VC tokenomics (all unlocks done, almost fully diluted), high-performance EVM (frontrunning Monad) and currently sitting at $1.8B FDV. @AndreCronjeTech building out novel DeFi primitives on the chain too, including natively integrated on-chain credit scores and more. DYOR anon. @0xSonicLabs @worldofumans If you're looking to DYOR on @0xSonicLabs, have a look at my deep dive below! x.com/zerokn0wledge_/status/1829828908868649475 Linking this here: Just dropped some spicy $S alpha on the first-ever NFT collection on @0xSonicLabs and how you can position yourself. Ready anon? 👀 x.com/zerokn0wledge_/status/1836376044464672800

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How the calls played out · since 18 Sep 2024

Prices as of 23 Oct 2026

This piece takes a view on $S, $FTM, so those moves are read against the call.

$SSonicBullish thesis

With all unlocks done, a high-performance EVM and Cronje's onchain credit scores, S has several catalysts lined up for Q4.

−95%

Moved against the call · since it listed on 05 Jan 2025, 4 months after this piece

At listing: $0.989
Now: $0.0521
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

$FTMFantomBullish thesis

FTM converts into S, so holders gain exposure to Sonic's clean tokenomics, high-performance EVM and new DeFi primitives ahead of the migration.

−91%

Moved against the call · over 2.1 years

At publication: $0.575
Now: $0.0506
vs BTC: −94%
After 1 month: +25%
After 3 months: +130%
After 1 year: −47%
High since: +149% 16 Dec 2024
Low since: −96% 06 Aug 2026

Since then

Zero has written 5 more pieces on Sonic Labs and $FTM and $S since this one.

24 May 2025Sonic five months in: $1B TVL and highest net inflows YTDOn Sonic
16 Oct 2024Sonic gas fee monetization: up to 90% of fees back to appsBullish call on $FTM
14 Oct 2024FTM to $1 before Sonic mainnet: the bull caseBullish call on $S
25 Sep 2024FTM above $0.7 ahead of Sonic mainnet and S token migrationBullish call on $S

Sonic Labs hub $FTM hub $S hub

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.

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How to position for S: FTM bag, Sonic testnet and first NFT mint

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