Sonic, the layer-1 blockchain formerly known as Fantom, just launched an impressive $82 million airdrop campaign. To take advantage of the new ad network, they’re distributing more than 190 million S tokens in four seasons! This partnership is intended to grow Sonic’s ecosystem even further. Even after a 30% price drop in the last month, today it still has a total value locked (TVL) of over $870 million and daily active addresses exceeding 50,000. At the same time, LayerEdge (EDGEN) and Spark (SPK) are breaking out in important ways too.

The airdrop also features a really cool structure! You get immediate access to 25% of Sonic’s tokens, with the other 75% locked in tradable NFTs for the next 270 days. This NFT-based vesting mechanism was crafted to limit sell pressure and create a healthier token distribution. With zero-knowledge cryptography at its core, Sonic guarantees computational integrity, offering users universal mathematical proof of correct execution.

Sonic's Technical Overview

Sonic has an important support level at $0.312 right now. If this support does not hold, the token could drop under $0.30 for the first time ever.

On the flip side, should momentum reverse, Sonic’s first line of resistance can be found at $0.341. In the event of a robust rally, $0.40 would be in sight and $0.541 is possible 1.

Sonic now has more than $3.9 billion deployed across its liquidity and savings layers. The $82 million airdrop into the NFT-based vesting structure is meant to alleviate some of that sell pressure.

LayerEdge (EDGEN) Analysis

Should the current downtrend continue, LayerEdge (EDGEN) might find itself retesting a crucial support point at approximately $0.095. Longer-term investors should look at this level with a very keen eye as potential re-entry buying opportunities.

A change in sentiment might allow LayerEdge (EDGEN) to return to the $0.0118 resistance level and possibly start a short-term recovery. This level will be key as the token seeks to establish its direction going forward.

LayerEdge (EDGEN) has recently emerged as one of the most talked-about altcoins, with traders searching for undervalued altcoins with potential. Its performance will depend on broader market trends and project-specific developments.

Spark (SPK) Developments

Spark (SPK) recently debuted on Ethereum, underpinning Spark’s DeFi growth and distributed governance trajectory. We believe that this move will make Spark much more useful and available to everyone’s needs.

If Spark (SPK) starts reversing its negative trend, it can rally past its previous resistance at $0.056. This would be a bullish technical signal for the token.

Spark’s integration with Ethereum thus marks a strategic move to expand its user base further into the DeFi ecosystem. Now, the success of this initial launch will be critical to advancing its future growth.