Token S (S)

Everyone is farming Sonic but almost nobody knows what they are actually farming or why it pays out.

Sonic is running a points program tied to TVL and protocol activity. $S token allocation goes to wallets that deposit, trade, and interact early. Current TVL sits around $800M.

The rug risk is not the team. It is dilution. Points farms like this historically dump 60 to 80 percent at TGE when every farmer exits the same door at the same time. Timing the exit matters more than getting in.

The alpha is not the airdrop. It is identifying which protocols built on Sonic capture sticky liquidity after the farm crowd leaves. That is where the next rotation prices in.