Sonic-Based Meme Coins Start Rallying – Is This the Next Solana?

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Simon Chandler

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Simon Chandler

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

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February 24, 2025 10:35 EST

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BRUTO and CYBERTRUMP are up by 1,400% and 5,300% in the past 24 hours, with at least ten other Sonic-based meme coins posting triple-figure percentage gains today. Can they replicate the success of the major solana meme coins?

Such rallies comes as the cryptocurrency market as a whole loses 3% in the past 24 hours, with a mix of factors (Bybit hack, tariffs and inflation) keeping sentiment down today.

Yet with Sonic (S) itself up by 5%, it seems that now is a good time to be investing in it and its ecosystem, which has grown exponentially since Sonic rebranded itself from Fantom in December.

And while it’s too early to say that it could be the next Solana, Sonic could certainly rise in the next few weeks from its current position as the 50th-biggest coin in the market.

Sonic-Based Meme Coins Start Rallying – Is This the Next Solana?

Sonic’s layer-one network is now host to a variety of decentralized exchanges, including Shadow Exchange, Metropolis, Equalizer and Wagmi.

Such trading platforms are hosting many of the big gains today, with the aforementioned CYBERTRUMP exploding since listing on Equalizer this morning.

It has risen strongly in the past hour, suggesting that it has plenty of momentum left in its tank.

Of course, traders should remember that it looks like a classic utility-free meme coins, of the kind that could plummet completely once its issuers and/or whales growth tired with it.

We could say the same about pretty much any of the Sonic-based meme coins surging today, with other examples including Solidex Monkey (SEX), CINOS (C), Ye on Chain (YE), Shiba Sonic (SHIBA) and Magic Internet Money (MIM).

However, something different applies to Sonic, on which platform all of these coins are running.

Given that the latter has seen a sudden growth in meme coins (and cryptos in general) on its network, there’s good reason to believe that it could be the big success story in 2025, much like Solana was in 2024.

Its total value has risen from $27 million on January 1 to $730 million today, making it the fastest-growing layer-one network in the crypto ecosystem right now.

This fact alone gives reason to think that Sonic could become a genuine rival to Solana, especially with its advertised throughput of 10,000 tps.

It may be too early to jump to a conclusion right now, but there’s little doubt that Sonic is growing aggressively, making big efforts to lure developers away from rival networks.

As such, we could see Sonic’s price continue to rise over the coming weeks, while it will continue to host hundreds of new meme coins.

Rival Platforms Boast Strong Fundamentals

To some extent, it seems that Sonic is getting mileage out of the fact that Solana continues to experience certain issues, with the latter still experiencing the occasional outage and also awaiting a massive token unlock.

Yet one new platform is promising to make Solana even more efficient for traders and investors.

This is Solaxy (SOLX), which is Solana’s first true layer-two network.

It opened its presale at the end of last year, and has now raised a very impressive $23.2 million.

Launching in the next few weeks, Solaxy promises very low fees and ultra-fast transactions, with its protocol also enabling instant bridging between itself and Solana.

It also plans to expand compatibility with other networks in the longer term, aiming to become a major hub for DeFi and meme coins over time.

SOLX is its native token, which users will have to use to pay for fees.

As such, the coin could experience huge demand if Solaxy takes off as a platform.

While its sale doesn’t have too long left to run, investors can still join it – and buy SOLX at an early discount – by visiting the Solaxy website.

SOLX is currently available at $0.001644, but this price will rise again later today.