Binance Announces Fantom to Sonic Swap – Should You Hold or Sell FTM?

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The cryptocurrency world is buzzing with news as Binance, the world’s largest digital asset exchange, confirms its support for the highly anticipated rebranding of Fantom to Sonic (S). The move, set to take effect in early January 2025, includes a full token swap from FTM to S at a 1:1 ratio, marking a pivotal moment in the blockchain’s evolution.

This announcement has sparked widespread discussion among traders and long-term investors: Should you sell FTM now, or is this the perfect time to hold—or even accumulate? Let’s dive into the details, analyze key price levels, review on-chain activity, and explore what this rebranding could mean for the future of the ecosystem.

What’s Changing? FTM to S Token Swap Explained

On December 24, 2024, Binance officially announced it will support the Fantom rebranding initiative, which includes renaming the network to Sonic and changing the native token ticker from FTM to S.

Here’s a clear timeline of what to expect:

Importantly, all FTM tokens will be automatically swapped to S at a 1:1 ratio (1 FTM = 1 S). This means token holders will not lose value due to the rebranding. The total supply remains unchanged, and no additional tokens will be minted.

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Why Is Fantom Rebranding to Sonic?

While the official rationale emphasizes a strategic shift toward scalability, speed, and ecosystem modernization, the rebrand to Sonic likely aims to distance the project from past controversies and reposition itself as a next-generation Layer 1 blockchain.

Sonic promises enhanced transaction throughput, reduced latency, and improved developer tooling—key upgrades needed to compete with rivals like Solana, Avalanche, and Polygon.

This isn’t just a name change; it’s a signal of transformation. For investors, that can mean renewed interest from institutional players and retail traders alike—especially if the new branding is backed by strong technical delivery.

FTM Price Analysis: Key Support and Resistance Levels

At the time of writing, FTM is trading near $1.00, showing a slight dip of 0.35% over the past 24 hours. However, trading volume surged by 37%, indicating heightened market activity following the announcement.

According to technical analysis from leading crypto research platforms, FTM is currently testing a critical support zone at $0.95.

Bullish Scenario: Breakout Toward $1.43

If FTM successfully holds above $0.95 and stabilizes, momentum could push the price up by as much as **40%**, targeting the next resistance level at **$1.43**. This scenario would likely be fueled by:

Bearish Risk: Drop to $0.64 if Support Fails

Conversely, if bearish pressure intensifies and FTM closes a daily candle below $0.91**, a deeper correction could follow. The next major support lies at **$0.64, representing a potential 30% downside from current levels.

Traders should monitor price action around $0.95 closely—this level may determine whether we see a recovery or a capitulation phase.

On-Chain Data Shows Strong Holder Confidence

Despite short-term price fluctuations, on-chain metrics suggest that long-term investors remain confident in Fantom’s future.

Exchange Outflows Signal Accumulation

Data from Coinglass reveals a significant outflow of $9.5 million worth of FTM from exchanges over the past 24 hours. When tokens move from exchanges to private wallets, it typically indicates that holders are locking in for the long term, not preparing to sell.

This kind of behavior often precedes bullish price movements, as reduced circulating supply on exchanges limits sell-side pressure.

Rising Open Interest Points to New Positions

Additionally, FTM’s Open Interest (OI) has increased by 14% in the last day. This means more traders are opening leveraged positions—either long or short—but combined with exchange outflows, the trend suggests growing confidence in a positive outcome post-rebrand.

With no clear signs of panic selling or whale dumps, the current on-chain landscape appears healthy and resilient.

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These terms reflect common queries from crypto investors navigating this transition.

Frequently Asked Questions (FAQ)

Will I lose my FTM during the swap to S?

No. The swap from FTM to S occurs at a 1:1 ratio, meaning you retain the exact same value. If you hold 100 FTM, you’ll receive 100 S after the rebranding. No action is required if your tokens are stored on Binance.

Do I need to manually swap my FTM tokens?

If your FTM is held on Binance or another major exchange supporting the upgrade, the swap will be automated. However, if you store tokens in a private wallet, follow official project guidelines when they are released to ensure compatibility.

Does the rebrand affect Fantom’s technology?

Yes. The rebrand to Sonic comes with significant technical upgrades focused on performance, scalability, and developer experience. It’s more than just a name change—it represents a full ecosystem evolution.

Is now a good time to buy FTM before the swap?

Many analysts view this as a potential accumulation opportunity. With strong on-chain inflows and no supply change post-swap, early positioning before possible post-launch momentum could be strategic—if you believe in the long-term vision.

What happens to FTM staking rewards after the rebrand?

Staking rewards will continue under the Sonic network. Existing staked positions are expected to carry over seamlessly, though users should verify details via official channels closer to January 2025.

Could the rebrand boost FTM’s price in 2025?

Historically, well-executed rebrands with real technological backing have led to renewed investor interest. If Sonic delivers on its promises, a price rally in Q1 2025 is plausible—especially with increased exchange listings under the new ticker.

Final Thoughts: To Sell or To Hold?

The Fantom-to-Sonic transition marks one of the most significant moments in the project’s history. While uncertainty always surrounds major changes in crypto, the data paints an optimistic picture:

For speculative traders, volatility around the delisting and relisting dates may offer short-term opportunities. For long-term believers, this could be a pivotal moment to strengthen holdings before broader market recognition kicks in.

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Ultimately, whether you choose to sell or hold depends on your risk tolerance and belief in Sonic’s future. But one thing is clear: change is coming—and prepared investors stand to benefit most.