Shadow Token Surges 281% in a Week, Trades Above $170

The Sonic DeFi Ecosystem Token SHADOW has experienced a remarkable surge in recent days, with a 281.8% increase in the past seven days. As of now, the token is trading at $149.3, following a significant intraday rise that briefly pushed it above $170.

This impressive performance comes on the heels of a 45.2% increase in the last 24 hours and a staggering 1685% increase over the past 30 days. The market capitalization of SHADOW currently stands at $33.4 million, with a fully diluted valuation (FDV) of $4.64 billion. The 24-hour total network transaction volume has reached $14.16 million.

Sonic Labs founder Andre Cronje has attributed this meteoric rise to the token's unique positioning and token model, which follows an x(3,3) structure. This structure improves upon the ve(3,3) model, allowing holders to earn fee rewards without the need for staking. Additionally, locking xSHADOW provides holders with additional incentives.