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People will sell at $0.35 and $0.40 resistance, get left behind, and start shorting to fuel the next leg.
Then, they will FOMO back in above $1. It has happened before and will happen again.
$S to $10!
Nine months of Sonic have led to this squeeze!
The biggest catalysts are just around the corner: rate cut, ETF, DAT, Flying Tulip, Spawn, HY stablecoin, Crime, Sonic USA.
If you are selling $S now that's on you.
📌 TL;DR
• Leveraging a PIPE (Private Investment in Public Equity) launch to raise significant capital for purchasing $S on spot markets.
• Partnering with @BitGo and a major ETF provider to kickstart Sonic’s traditional finance markets.
• Rollout of Sonic USA entity, appointing a CEO, assembling a full US-based team, and establishing a NYC presence.
• To achieve these targets, this proposal seeks to issue the required tokens which will only be used for the finance vehicles and Sonic USA.
• Dramatic increase in burn mechanism on-chain to further drive $S deflation.