# SonicLabs

Token Analysis: Sonic (formerly Fantom - FTM)
As a brand-new public chain ecosystem that has emerged from Fantom’s historic migration, with a focus on extreme performance and native L1/L2 bridging technology, Sonic (S, formerly FTM) is currently facing severe tests on both fundamentals and market confidence. Dragged down by the broader crypto market’s overall deleveraging and Bitcoin’s nearly 20% month-long retracement, along with internal core leadership personnel shake-ups, the token price has been deeply corrected to around $0.022. Compared with its historical peak, it has fallen by 97%, an