@DunkingSquirrel @flyingtulip_ @SonicLabs I see the scammers are still at it. FT TVL plummets from $200 million to $90 million. Token price from 10c to 8c. Holders bailing out.
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Cryptohorse
3.4K posts
This is DeFi.
@flyingtulip_ on @SonicLabs
Andre Cronje@AndreCronjeTech
So many new building blocks required to get here onchain. You can do this strategy with active management (in a limited fashion onchain), but no passive options, so we had to first rebuild an issuance / settlement layer (ftUSD), that can then feed into a margin based lending system (LTV based doesn't work here), with onchain RFQ for fillers, all just to enable a passive way to scale this trade. Bit more hardening and we can scale up leverage and caps. At scale this does ~8%-12% on USDC/USDT.
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@chillmindexe Nothing gives me more pleasure than seeing the TVL drop from $200m to $100m and the token by 20% despite the put option. Scammers always get found out.
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Flying Tulip is dead, by the way, as a narrative and token.
The situation is worse than you think; with a flop this big and a token that can't move in price, they have no play in the future.
Don't get fooled by the $500 slaves; don't get trapped.
Sonic has NOTHING over Monad.
chillmind.exe@chillmindexe
@LordSminem It's not a raise; give it a month of the token being live, hype fading, and most will sell higher at the first pump or withdraw the put option at base price. After that it will have mini pumps with every "roadmap goal" release, but people will never really care about it.
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@Defi_Maximalist He's deleted any mention of Sonic from his timeline. Since I'm sure he is a truthful person that means he had nothing to do with Sonic's fastest blockchain capabilities. Must be someone else you have to give credit to.
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Say what you will about Andre and his temperamental nature, but he helped architect the fastest blockchain ever. The guy is on another level as a dev.
When the market gets hot again I don’t see his creation going away and Binance seems to agree.
$S
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@RnaudBertrand It’s actually a double whammy for USD. Oil buyers will most likely have USD and have to buy yuan which means they sell USD and buy yuan. Creates demand for yuan and diminishes demand for dollars.
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You've got to hand it to Iran: that's masterful asymmetric warfare.
If they pull this off and suddenly oil transiting through Hormuz is traded in Yuan, we're talking potentially close to $1 trillion less in annual demand for dollars (20% of the world's oil + LNG). It'd be insanely impressive to achieve this simply by controlling a 30-mile strait with a few missiles and drones.
And it'd have compounding effects: $1 trillion less in demand for dollars means less foreign buying of US Treasuries, higher borrowing costs in the U.S., more inflation, etc.
Heck even if this doesn't materialize, the mere fact they're suggesting it and that it's taken seriously by mainstream media like CNN is impactful in and of itself: at the end of the day dollar supremacy is also very much based on inertia. But inertia works both ways: once enough people start questioning it, the questioning itself becomes self-reinforcing.
Imagine you're a central banker and you're seeing this: you're undoubtedly telling yourself "mmm, maybe it's time to hold a bit more yuan, just in case."
It's also pretty ironic: the U.S. has weaponized the dollar against others countless times - including, of course, against Iran - but I can't think of a precedent of a country actively at war with the U.S. using the dollar's dominance as a weapon against them. Literally flipping the playbook, which sets an interesting precedent.
All in all, in this war you really have the feeling to witness Sun Tzu's maxim about "knowing the enemy and knowing yourself" in real time: Trump obviously completely failed to understand what he was getting into.
Iran, on the other hand, clearly studied its enemy's vulnerabilities, be it hitting Gulf countries until they question whether being a U.S. ally protects or endangers them, choking oil supply to inflict economic pain the US can't bomb its way out of, or now attacking the dollar itself.
The U.S. only has bombs to reply, but hard to see how they could bomb their way out of problems that were entirely predictable consequences of their bombing in the first place, if anyone had spent five minutes thinking about what Iran might do in response.
Frederik Pleitgen@fpleitgenCNN
Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, a senior Iranian official tells CNN. @CNN @cnni cnn.com/world/live-new…
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@Poobear_069 @SonicLabs Anybody doing that much business with Binance is certainly foolish. Sonic dealing with bigger scammers than they are. They are not making progress at all.
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All the crybaby’s that say omg $S is moving millions of $ to $Binance today.
Now you can see why.
Fuck all of you hating broke bitch boys that fud and fud.
$Sonic will green candle in your ass and to the moon 🌕
@SonicLabs is the future.
Sonic@SonicLabs
76,000,000 $S staked by @binance. Earn up to 3.50% APR on binance.com/earn Welcome and thank you for securing the Sonic Network!
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Backed by Blackrock is not what you would think of as a good recommendation
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@ariseonchain @SonicLabs Run by a pack of incompetent dishonest scoundrels. No users and no new developers moving to it. Completely discredited. You would be an absolute fool to bother with it at all.
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What’s your honest opinion about $S & @SonicLabs ?
Honestly I felt I missed the chance to sell last year when it was at around $1 after the migration from fantom.
After months of careful consideration I’ve realized emotions can run high at times & blind you from the reality of things, like the general market conditions which has affected the entire crypto market & not exclusively $S alone. Leadership issues are visible but you can not take away the structured output & long term outlook of the $S token-it’s fundamentals are solid, even better now that when most of first invested & started to cheer for it.
Fundamentals are key when investing hard earned money-I’ll speak about a few without over flogging it.
I’ll start by mentioning the Sonic’s main value proposition-which is its "Sonic Virtual Machine" (SonicVM).
>Advanced Tokenomics & Ecosystem Incentives
>Fee Monetization (FeeM)
The newly introduced strategic "Vertical Integration".@Soniclabs pivoted to a Vertical Integration strategy. Unlike other blockchains that just provide the "pipes" & wait for others to build, Sonic labs is building & acquiring its own core primitives:
• Internalized Value: By owning the primary DEXs, lending protocols, & payment systems, the network captures fees that would otherwise leak to third party apps.
• Revenue Buybacks: A portion of these internalized revenues is used for $S token buybacks, creating a sustainable buy-side pressure that doesn't rely solely on new retail investors. This are some of the constant developments the sonic team has relentlessly built that drives my conviction that sonic is not dead, in-fact it’s never been more alive & promising.
I applaud the resolve of the team to keep building & I want Sonic $S community to bring back that positive energy that once characterized the @SonicEcosystem & community.
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@Sonicinsiders Sonic still being run by thieves and scoundrels. Everyone knows that. Would rather invest in a Trump scam coin than Sonic.
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Don't sell your $S for peanuts.
Hold tight for that 100x upside.
Why? Because in the Layer-1 space, Sonic has the absolute best tech right now — 400k+ TPS, sub-second finality, with vertical integration.
By the time most people finally realize it, $S will already be up 20x+. So right now? Don't sell a single token. Buy this dip, accumulate hard. #Sonic
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@RealPepeEscobar I think Khameini did a master stroke by having the entire top leadership wiped out with him. Got rid of a huge Mossad cabal as well as leaving no one for Trump to deal with. And his son to carry on the line.
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Neo-Caligula brags that the only thing he will accept is Iran's unconditional capitulation.
Bullshit.
The fact is his sycophants have requested an URGENT ceasefire through diplomatic channels AT LEAST TWICE SINCE TUESDAY.
Tehran: NO.
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@KatyKray73 Australia's reserve oil supply (90 days) was crude stored in salt mines on the East coast of the USA as part of the US strategic oil reserve which Biden sold off to keep petrol prices down. Angus Taylor sold it off to USA in 2022 anyway. Its gone.
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Barnaby Joyce's question Australia needs answering: If it all goes to custard, how long before our diesel runs out for semi-trailers hauling food, hospital generators, and farming? Days? Weeks?
We can't wait for electric semis that don't exist yet. Are we going to run the nation on electric cars from windmills and solar panels?
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@SillyBitoshi @Wyckoff_Insider Yes please. Would be good reading.
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1 person.
1 complete guide.
Follow it — another person waits on the other side.
I read this every night for 30 days.
Not a book.
A document I built from @Wyckoff_Insider 's work.
Tweets.
Threads.
Answers.
Concepts.
All organized into:
THE WYCKOFF INSIDER — COMPLETE ARCHIVE
Philosophy • Trading Methodology • Life Optimization
I’ll share it for free in the coming days.
If you want it — let me know.
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@yyzhtin31627 That’s what you get for shitting in your own nest. What goes around comes around.
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@yyzhtin31627 Just remember - every corporation is but the shadow of one man. Nothing will change at Sonic unless the people behind it do.
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How the hell did I go from raging bear on $S to secretly bullish AF?
Sonic Labs' marketing? Straight-up clown show. When it nuked -90%, I had zero choice but to diamond-hand my own rescue mission.
Lunar New Year vibes? I ghosted my family and friends — fake smiles, zero mentions of the bloodbath. Spent nights locked in a freezing gym just to numb the soul-crushing Ls.
First bag? 2021, back when it was FTM. Snagged 50k tokens at $1.5. In a developing country, grinding for that stack felt like climbing Everest with no oxygen.
Crypto vet here — studied in Europe, run a 500k+ follower KOL gig in Asia. Yet $S hit me like it was custom-built to trap 'smart money' degens like us.
God-tier tech, DeFi's undisputed GOAT — I got mesmerized.
Short-lived moonshot, then endless bleed. I kept DCA'ing like a maniac, pouring in more every dip. But a 50x crash? Yeah, even infinite ammo eventually hits zero.
Post-10/10 apocalypse, I was buried in unrealized pain.
Still hustled my day job to keep DCA'ing — odds of breakeven felt like winning the lottery, but whatever.
That's why AC is dead to me now. Dude has the cheat codes to pump $S back to life... but nah, he ghosts every mention, leaves his die-hards in full despair mode. Feels intentional.
Lesson learned: Hope in no one.
Anyone can rug your trust — except you.
Looking ahead?
Fundamentals still slap. Scholz still cooks. I'll keep stacking via DCA and flex my network to hype its edge. My fate, my rules.
One day $S reclaims the throne. Bet.
Shoutout to @cryptomoge raw post — had to drop my own war story.
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@yyzhtin31627 Your first problem is that Sonic is run by incompetent dishonest grifters who are chronic non-achievers. No one with any sense is going to subject themselves to their scams so there is no upside to $S. your enthusiasm is totally delusional.
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AC's $FT is launching any day now—Ethereum first, then straight to $S Sonic.
If FT turns into the actual killer app on $S and ignites a real flywheel, $S is fucking mooning🚀.
If it flops, $S slowly dies into another generic meme coin. But fuck that negativity: dozens of meme coins already sit at multi-billion FDVs. The market has plenty of room for $S to smash past $1.
I'm here to fix $S's marketing holes—no licking boots, no fake hype. Just cold logic + raw fire to scream a legitimate $S bull run into existence.
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@BSCNews @flyingtulip_ Andre needs the money for another safari outfit in Africa. Last one went bust.
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BREAKING: ANDRE CRONJE'S FLYING TULIP TOKEN $FT TRADES NEAR $1B FULLY DILUTED VALUATION
The token launch follows the project securing nearly $300M in funding rounds.
@flyingtulip_'s token is now trading at a critical floor level as crypto markets watch another major DeFi deployment.
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@LisaNEdwards Your policy is to always have a stop loss order to protect against a crash. Better to have one than not. At least while plane is still airborne.
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If you knew your plane was going to crash but the ticket you bought was really expensive. Would you still get on the plane?
(I’m not talking about planes)
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@RandomBinarySEQ @AndreCronjeTech @SonicLabs @flyingtulip_ Sonic Labs treasury is owned by a private company not $S token holders. They conned us that $S token was backed by that treasury and that $FT would benefit $S holders. SL insiders made a lot by shorting $S and looking to make more with $FT. Best avoid them and their scams.
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Daddy @AndreCronjeTech knows the Ponzi optics: @SonicLabs treasury money propping up @flyingtulip_'s raise to manufacture success while we’re inches from a fiasco. Make it benefit $S and the ecosystem fast some point if you want to avoid trouble. The squeeze is tightening. $FT
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@YankeeRuinX @zeidside I think that the point is that the treasury was never owned by the token holders. It was the asset of a private company who had the right to do what they liked with it. Silly token holders thought that it was to support the token and the Sonic network. More fool us.
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They had $250-300M in non-FTM assets back in November 2022 when Andre made the original treasury article. That was mainly in BTC, ETH and Stables, keep in mind at the time BTC was $20k and ETH was $1k. It’s not unreasonable to believe they still have at least $200M in non-$S assets right now with how much BTC/ETH has risen since then.
That’s why they don’t give a fuck about the price of $S as they got enough to pay their salaries for the rest of their lives without it.
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>holds 500m treasury when market is amazing and Fantom is $1.20 with "300-400 million tokens"
>400 million tokens is now 16 million theoretical dollars
uhhhh I think the treasury is GONE bros check for an Australian mansion in between the couch cushions
Yankee Ruin X💥@YankeeRuinX
So Andre again confirming the existence of @SonicLabs having a $500M treasury in March 2024. At the time he posted it originally FTM was $1.20. In March 2025 so a year later Sonic Strategy posted a pitch deck for investors stating that SL had a $600M treasury so they had managed to grow the treasury by $100M in a year. Andre also confirms SL have always held between 300-400M $S which highlights just how fucking ridiculous these Gov vote mints for additional $S were for things like the airdrop or the US expansion when SL were already holding hundreds of millions of $S. This is what pisses me off about SL, instead of dipping into their own pockets they pass the cost on to the entire community through these ridiculous mints inflating supply when they didn’t need to or at very least could have minted a lot less $S. Their non-$S treasury is literally bigger than the entire Mcap of $S right now, you don’t hate these people enough for what they done 😤
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@DunkingSquirrel no one believes a word that comes out of your mouth, just stop it!
x.com/i/status/20249…
Dunking Squirrel@DunkingSquirrel
Only a few months ago, market conditions were very different, with strong capital inflows into Bitcoin and Ethereum and growing institutional participation across digital assets. In response, Sonic Labs evaluated an institutional strategy. During this period, Mitchell joined the organization, contributing significant institutional experience and perspective as Sonic assessed multiple paths. His insight and GTM approach were valuable to the team overall. As macroeconomic uncertainty increased and market narratives shifted, Sonic ultimately chose to pursue a different direction. This evaluation was constructive and helped clarify the company’s long-term priorities, particularly as many Layer 1 ecosystems refocused on sustainable revenue and measurable value creation for their tokens. Looking ahead, Sonic is reaffirming its focus on a vertical integration initiative. Future efforts will align infrastructure, products, and incentives to drive long-term value, with a clear emphasis on strengthening the economic role and utility of the S token. While Sonic remains open to institutional inflow, the team will continue to monitor opportunities for engagement when conditions are favorable and aligned with the organization’s strategy. Relationships with Mitchell and Sonic Strategy remain supportive and positive as Sonic continues executing its long-term growth plans. It was a pleasure to work with Mitchell, we wish him the best in the future, and we look forward to consulting him for feedback on any potential institutional initiatives. Any claim that Mitchell was a “rent-a-CEO” is categorically false. Many members of the team have known him since his initial involvement with the Fantom community in 2020, where he was an active and engaged participant across global events and community initiatives over several years. Mitchell is an early crypto adopter and established entrepreneur in the space. One of his businesses provides fractional executive services, through which his firm has supported dozens of early-stage Web3 companies in establishing proper corporate structures and operational foundations. Amicably parting ways with a team member is a normal part of any business's evolution, and Sonic will continue moving forward as it has for the last 8 years.
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@duonine @flyingtulip_ No public money in the raise. Mostly Sonic insiders running another grift. And not even enough to pay for proper audits. What a scam.
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The @flyingtulip_ sale by the numbers.
Not bad considering this market, but I see there is not much public sale appetite. Most of the raise was private so far.
The risk here is low since you can withdraw your cash at any time. Once token is tradable, we may get FOMO.
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