PEPE Price Sinks After Multi-Sig Change, But Traders Are Racing Into $SONIK Coin - Will It Explode 50x?
Friday the 25th of August – The PEPE price is falling as allegations of a rug-pull undermine its value, but traders are shifting funds into new meme coin Sonik Coin, which is surging towards the $500,000 in its presale.
A multisig wallet thought to be controlled by the Pepecoin team has sent funds to centralized exchanges, where the tokens will presumably be sold.
Bad news for PEPE holders is looking like a boon for Sonik Coin. Sonik meme coin is inspired by a legendary gaming character originating in Japan and built around the sort of degen humor typical of the meme coin space.
While the PEPE price has dropped more than 20% to $0.0000009181, $SONIK has raised $465,270, and the run rate is accelerating.
Arguably, $SONIK was always a much better bet for crypto degens than PEPE because it does something that most meme coins don’t – it offers passive income based on its stake-to-earn utility.
So far, 16.5 billion tokens have been staked by presale buyers, earning an annual percentage yield of 145%.
The team is expecting its viral power combined with its yield-earning potential to make Sonik Coin a top meme coin. As the website loudly proclaims, Sonik Coin aims to be the fastest ever $0 to $100 million market cap meme coin.
“We know the meme culture is wild and untamed, and that's exactly what $SONIK embodies – the spirit of spontaneity and limitless possibilities,” explains the whitepaper.
Sonik Coin’s presale has flown past $465,000, as investors continue to pile in before the project reaches its hard cap of just under $2.1 million.
Once the presale hits this milestone, or once the presale countdown ends (currently at 11 days), the early buying opportunity will end.
Sonik Coin is selling 50% of a total 299,792,458,000 token supply
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