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Sonic Token Surges 7% as CMCC Global Launches $25M Ecosystem Fund
Yahoo Finance·2025-09-30 18:23

On Sept. 30, the Sonic (S) token recorded a strong 7% price surge, adding more than 50milliontoitsmarketcapitalizationinjustoneday.Therallycomesasventurecapitalfirm,CMCCGlobal,launcheda50 million to its market capitalization in just one day. The rally comes as venture capital firm, CMCC Global, launched a 25 million fund designed to accelerate growth in the Sonic ecosystem. The fund, called “Resonance,” targets innovative DeFi protocols and consumer-facing applications on the network. It will also promote Fee Monetization (FeeM) as a sustainable revenue model for smart contract developers. With the ne ...