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Fantom Rebrands to Sonic: Should FTM Holders Hold or Sell?
In a sudden turn of events, Fantom has announced its rebranding as Sonic in January 2025. This change is set to swap FTM for S at a 1:1 ratio. The news has left many FTM holders scratching their heads, wondering whether to hold on or sell their tokens.
To provide clarity, we have taken a closer look at the market dynamics and analyzed the available data. Binance recently confirmed its support for the rebranding process, which could be an indication of things to come.
Let’s take a closer look at some key levels that may impact FTM’s price action moving forward.
Currently, the token is trading around $0.32, with no major resistance or support in sight. However, it’s crucial to monitor these levels as they can quickly shift in response to changing market conditions.
Source: cryptonewsland.com
