While Leading Meme Coins See Declines, Sonik Coin Surpasses $300k in Presale with Under 14 Days Remaining

While top meme coin prices are faltering, the new kid on the block, Sonik Coin, has raised more than $300k  from investors to become the fastest crypto ever to reach a $100 million market cap.

Although not affiliated with Sonic the Hedgehog, Sonik Coin is inspired by the meme and its iconic status in the cultural gaming-internet zeitgeist. Its presale has raised $307,659 at the last count – there are now less than 14 days to go before the presale ends.

All meme coins seek to harness their viral potential, and in that regard, $SONIK has the chops to succeed, as indicated by the enticing website art.

$SONIK Goes Viral as a Stake-to-Earn Meme Coin – 11 Billion Tokens Committed to Staking Smart Contract

However, $SONIK is a meme coin offering token holders the tangible certainty of earning staking rewards. All token holders need to do to benefit from SONIK’s stake-to-earn utility is deposit into the staking smart contract.

Many early buyers are putting their funds to work immediately by choosing to ‘buy and stake’ their newly purchased tokens, even before the presale has ended.

According to the data shown on the sonikcoin.com staking dashboard, 11,434,202,900 tokens have so far been staked, of a total token supply of 299,792,458,000. 

$ SONIK’s total token supply figure might appear strangely random at first glance, but upon closer inspection, you might remember from high school that 299,792,458,000 meters per second is the speed of light.

Fifty percent of the total supply is allocated to the presale, 40% to staking, and 10% to exchange liquidity. 

Doing the math means 7.6% of the total presale token allocations have already been staked. The project seeks to raise $2,098,547 at a token price of $0.000014. 

Sonik is Selling Out Rapidly; Don’t Miss the Potential Yield and Price Growth!

The current raise total of $307k represents 14% of the challenging cap goal, which means that more than half of the buyers at this stage are staking their tokens, demonstrating the attractiveness of the yield potential of the project.

At the current rate, the presale could be sold out by next week, so prospective buyers need to be ‘much speedy’ in their decision-making, as Sonik jargon would have it. 

Stakers’ tokens are locked into the smart contract for at least seven days after staking. Staked tokens earn yield for as long as they are staked. 

There is no need to set the period you wish to invest in advance. Instead, withdraw from the pool after the seven-day minimum lock period.

$SONIK staking rewards are distributed at a rate of 9125 $SONIK per Ethereum block over four years. How much is earned depends on the percentage of the staking pool owned and how long tokens are staked for. 

Along with the passive income earnings from staking, investors will also benefit from capital appreciation when the coin price rises, which, in turn, magnifies the value of the staking rewards.

Must complete list pic.twitter.com/rWC3mcChwQ

— SONIK COIN (@Sonikcoin) August 17, 2023

“He’s got the pace” – SONIK might be the next $PEPE in line

The potential upside for the Sonik Coin is more significant because of its low market capitalization of $2,098,547. A move from $2m to 100m would require a gain of 4,665% which is well within the bounds of possibility for a meme coin like $SONIK.

By comparison, from its all-time low to its current price of $0.000001084, meme coin sensation PEPE has returned 3,825% – an increase of 38x.

Making a $1,000 investment in $SONIK could pay off handsomely, perhaps returning as much as $50,000 or even $100,000 if Sonik pumps 50x or 100x for its presale buyers.

You wanna see real speed? pic.twitter.com/TDn7DT8J5X

— SONIK COIN (@Sonikcoin) August 21, 2023

The highly meme-friendly characters shown on the website provide a feel for the endless fun artists will have with Sonik and friends.  

Although it is hard to figure out how high Sonik Coin could go, its staking feature means that the selling pressure will be muted when it does launch on exchanges such as Uniswap. 

Staking mitigates the effect of a coin being dumped at launch by short-term buyers to the detriment of those committed to the project’s long-term potential.

Several coins have launched recently with a similar staking model to $SONIK, and all are continuing to make money for their investors. BTC20 and XRP20 are two such coins, trading in the green since launch and earning yield for their stakers.

Crypto Analysts on YouTube Foresee $SONIK Surging Anywhere from 10x to 100x

YouTube crypto analysis channel Crypto Gains, with 107k subscribers, thinks Sonik Coin could be the next PEPE and 20x after launch.

IN A RECENT VIDEO, Crypto ZEUS told his 66k subscribers that he also sees PEPE-like potential for SONIK.

Meanwhile, French-speaking YouTuber Crypto Tony reckons Sonik Coin could be a 100x opportunity for investors.

And presale analyst specialist Jacob Crypto Bury is predicting a 10x price pump for $SONIK.

The marketing reach goes beyond financial influencers on YouTube. The coin has been mentioned on various top crypto sites, including Cointelegraph, CryptoPotato, CoinGape, and Finbold. 

Stay up-to-date with Sonik news and be the first to know when it lists by following the X (formerly Twitter) account and joining the Telegram group.

🦔💨 Ready, set, #SONIK!

gotta buy now – https://t.co/s1fTdXDQCK#MemeCoin #CryptoMemes #Presale pic.twitter.com/iyPnaujjti

— SONIK COIN (@Sonikcoin) August 20, 2023

Sonik Coin Aims at Asian Crypto Market, Capitalizing on Sonik’s Immense Popularity

$ SONIK’s viral potential is boundless, and it is easy to see how it could be the source of endless fun for the meme creators the project employs.

But the project is also marketing the coin to a Japanese and broader Asian audience, where the meme’s popularity is unrivaled.

With that strategy in mind, the Sonik Coin website has been translated into Japanese, Chinese (Simplified and Traditional), Korean, Thai, Vietnamese, and other major languages.

$SONIK Smart Contract Verified: Audited and Safeguarded

Also, as earlier promised by the project team, the smart contract has been audited, and the report published, which you can find on the website.

Security of your crypto investment must be a top priority, so it is good news that this project protects your funds seriously.

No dubious backdoors in the code can restrict trading by blacklisting addresses or enabling the minting of more tokens later to dilute the value of existing holdings.

Audits also speak to the professionalism of the team. In stark contrast to many meme coins being launched that never submit their code to audits. As good as sites such as DEXTools are at providing access to third-party automated audits, it is not the same as a security company’s coders going through each line of code.

Steps to Purchase $SONIK Token

Sonik is a fair presale. Fifty percent of the total token supply is allocated for sale to the public, and there is no team allocation. 

To buy at the presale price of $0.000014, connect your wallet at the Sonik website to make your purchase – but you ‘gotta go faster’ to ensure you don’t miss the boat.

Buyers will need ETH or USDT to purchase the tokens. After the presale ends, Sonik Coin will list on the Uniswap decentralized exchange. 

To find out more about the project, read the Sonik Coin whitepaper.