Altcoin Season Takes Off, Viral Meme Coin Sonik Attracts $750k With Just 6 Days Left to Buy at Low Prices

cryptonews.com:

Wednesday, August 30th, 2023 – Altcoin season looks set to take off, and new meme coin Sonik Coin in a show of strength, has raised more than $750,000 from hungry investors.

News that Grayscale has won its bitcoin ETF case against the US Securities and Exchange Commission has lit a fire under altcoin prices.

Meme coins continue to be one of the most traded coin sectors in the crypto complex, and Sonik is set to be the latest hot addition. 

Sonik Coin plans to join the likes of Dogecoin and Shiba Inu as meme coin favorites. 

The $SONIK meme coin is inspired by a gaming character originating in Japan and is built around the sort of degen humor typical of the meme coin space. Its wacky graphics and art, as showcased on its website, are sure to have viral appeal.

$SONIK has raised $756,445, and the run rate is accelerating with only six days left before the presale sell-out.

Helping Sonik Coin’s surge is a feature that most meme coins don’t have –  stake-to-earn utility to earn passive income for token holders. 

So far, 26.3 billion tokens have been staked by presale contributors, earning an annual percentage yield of 91%.

Sonik Coin is selling 50% of a total 299,792,458,000 token supply in presale and looking to raise just under $2.1 million.

Why that number, you ask?

Well, that number represents the speed of light in meters per second, which the team suggests is the speed at which the Sonik character can run as it speeds toward a target of $100 million market cap.

Fifty percent of the total token supply is on offer to the public in the presale, which means 17% of those tokens are now staked, removing sell pressure from the market when the coin lists on Uniswap, possibly late next week.

The token’s viral potential and its yield-bearing