$S Sonic might have a problem not with the yapping but with the token price itself…?
It’s pushing a narrative like a DeFi-specific chain, but even as Ethereum rises in the "utility" coin market, the price is actually declining.
If this continues, it will only be perceived as a structure of yapping rewards -> market dumping.
For @SonicLabs to achieve the expansion of rewards for developers and create a virtuous cycle through this, the $S coin needs to be a [coin worth holding], and there needs to be a reason for that.
If that doesn’t happen, it’s only natural that any rewards or anything else will just lead to dumping…
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Personally, I’m staking $S (due to Season 1) and cheering for it.
But ultimately, the actual users need to increase and $S needs to be consumed…
For now, it seems like the yapping rewards and developer rewards are essentially just potential selling issues…
Can it show something explosive like Phantom did back in the days when Andre was around?
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