Sonic's wS Rises 116.24% After Major Transaction

Sonic Bridged USDC.e (Sonic) is a global digital currency exchange platform that caters to both novice and experienced users by offering a range of services including cryptocurrency trading, advanced tools, and staking options. The platform is designed to provide a seamless experience for users to engage in various cryptocurrency activities, such as swapping and transferring tokens.

On March 11, 2025, at 02:34:26 AM UTC, a significant transaction was executed on the Sonic Bridged USDC.e (Sonic) platform. The transaction, identified by the hash 0xb1c485cc3a991dc84938a05d34716544d38e69e79595ac7cfe43a3207734b912, involved the transfer of 49.666484 Bridged USDC.e (USDC.e) from the address 0x3921DEc222a4E787586F1924Ae8D2FC4B05Be72f to the address 0xB28Ca7e465C452cE4252598e0Bc96Aeba553CF82. Additionally, 116.240547108895148301 Wrapped Soni (wS) was transferred from the address 0x67bcED305725349783d986362af4092252A7F51A to the address 0xaC041Df48dF9791B0654f1Dbbf2CC8450C5f2e9D. The transaction fee was 0.00853672685 S, with a gas price of 55.01 Gwei.

The transaction utilized the swapCompact function, which facilitated the exchange of Bridged USDC.e (USDC.e) for Wrapped Soni (wS). This function call was initiated by the address 0x3921DEc22