One of the coins I'm eyeing on this brutal war dip is Sonic ( $S )
very simple thesis really:
- chart seems oversold, can scoop for cheap
- $S airdrop season 2, which kicks off June 18, meaning plenty eyes and volume as ppl want to farm on the dapps
- many Sonic coins being listed recently on T1 tier CEXs (e.g. SHADOW, BEETS, and ANON)
- looking at metrics, everything seems growing or positive: TVL, app revenue, FeeM revenue, daily transactions etc.
If the "revenue meta" gets hot, $S is an easy candidate to benefit
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