A new meme coin called Sonik Coin is preparing to be listed on the Uniswap decentralized exchange this Thursday, September 7 at 9 am UTC.
According to reports, Sonik has raised around $1.75 million so far during its presale from contributors. The total invested so far is said to be $1.729 million, with less than $300,000 left to raise before the presale ends and the Uniswap listing occurs. During the presale, Sonik tokens (SONIK) have been priced at $0.000014.
In general, new token listings tend to see high volatility, so some investors try to buy in earlier during presale to get better pricing. Sonik’s presale has a hard cap set at $2.098 million and is expected to sell out the remaining tokens prior to Thursday’s listing event.
Sonik is being positioned as a gaming-themed meme coin, part of a sector of crypto assets that have speculative appeal among some investors. Features like an audited smart contract and liquidity locking on Uniswap provide confidence for buyers against potential risks.
According to reports, over a third of the 150 billion SONIK token supply allocated to presale has already been staked by buyers, allowing them to earn around 48% APY yield ahead of exchange listing. The staking mechanism gives Sonik passive income potential uncommon among other meme coins.
In terms of supply, Sonik has a total of 299,792,458,000 SONIK tokens, a number said to represent the speed of light. Sonik purportedly aims to reach a $100 million market capitalization faster than any other meme coin. Its current presale valuation is $4.2 million by comparison.
The meme coin sector has seen intense interest in the crypto market this year. While highly speculative, some meme coins have generated massive returns for early investors. Sonik will attempt to position itself among the leading meme coins when it launches on Uniswap this Thursday.
