Sonic Rises 7% on $25M Ecosystem Fund Launch
The post Sonic Rises 7% on $25M Ecosystem Fund Launch appeared on BitcoinEthereumNews.com.
Key Notes CMCC Global announces “Resonance,” a $25 million Sonic ecosystem fund. Sonic (S) gained over $50 million in market cap in the past 24 hours. Trading volume jumps 70% to $126 million amid investor optimism. On Sept. 30, the Sonic (S) token recorded a strong 7% price surge, adding more than $50 million to its market capitalization in just one day. The rally comes as venture capital firm, CMCC Global, launched a $25 million fund designed to accelerate growth in the Sonic ecosystem. The fund, called “Resonance,” targets innovative DeFi protocols and consumer-facing applications on the network. It will also promote Fee Monetization (FeeM) as a sustainable revenue model for smart contract developers. CMCC Global is set to launch Resonance, a $25M Sonic ecosystem fund.@CMCC_Global is one of Asia’s most established VC companies focused solely on blockchain investments. 🔗 https://t.co/z1iVsfookc pic.twitter.com/Yji0QMTeum — Sonic (@SonicLabs) September 30, 2025 With the new crypto fund, CMCC Global aims to strengthen liquidity within the Sonic network and capture long-term value. The announcement triggered a surge of activity in the Sonic market, with 24-hour trading volume soaring 70% to $126 million. At present, S is trading at around $0.26 with a market capitalization of $750 million. Institutional Interest Fuels Market Optimism Mitchell Demeter, who just stepped in as Sonic Labs’ new CEO on Sept. 29, expressed confidence in the fund’s impact. He stated that Resonance will provide meaningful backing for builders and innovators within the Sonic ecosystem. He added that institutional participation suggests a growing recognition of Sonic’s long-term potential. The milestone comes as the network continues to grow in 2025. Since its debut in December last year, it has already secured major exchange listings, launched native USDC issuance, and integrated with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). On Aug. 31, Sonic approved a $150…
Filed under: News - @ September 30, 2025 10:29 am