Sonic [S]下降了11.25％，从过去的一个月中导致投资者记录了3.78％的亏损。

最近几天，Sonic [S]下降了11.25％，使投资者从过去的一个月中造成3.78％的亏损。目前，市场活动仍然是看跌

In a recent development, Sonic [S] has experienced a decline of 11.25%, resulting in investors who purchased the asset within the past month recording a loss of 3.78%.

在最近的发展中，Sonic [S]的下降幅度为11.25％，导致投资者在过去一个月内购买了该资产，亏损为3.78％。

Currently, market activity is indicating a bearish trend, with both retail and large investors, some linked to the decentralized protocol Aave [AAVE], contributing to the decline.

目前，市场活动表明零售和大型投资者都表明了看跌趋势，其中一些与分散的协议AAVE [AAVE]有关，这导致了下降。

Behind the scenes of Sonic's liquidity outflow

Sonic流动性流出的幕后

The decrease in Sonic's price can be attributed to a significant outflow of liquidity from the market in the past 24 hours. A key indicator of this is the total value locked (TVL).

Sonic价格的下降可以归因于过去24小时内市场流动性的大量流行。一个关键指标是锁定的总价值（TVL）。

According to DeFiLlama, Sonic's TVL decreased by $140 million in just 24 hours, pulling the ecosystem down toward multi-week lows.

根据Defillama的说法，Sonic的TVL在短短24小时内下降了1.4亿美元，将生态系统降低到了多周的低点。

Source: DeFiLlama

资料来源：Defillama

This decline coincided with a 10% drop in stablecoins deployed on Sonic—from $582.33M to $523.39M over the past week. In essence, liquidity is quickly leaving the market and not returning.

这种下降恰逢Sonic部署的Stablecoins下降10％，过去一周从5.8​​233亿美元到5.239亿美元。从本质上讲，流动性迅速离开市场而不是回来。

These withdrawals suggest that both retail users and larger entities are closing positions and reducing their exposure to the asset.

这些提款表明，零售用户和较大的实体都在关闭头寸并减少其对资产的曝光率。

Could protocol whales be behind the drop?

协议鲸可以在下降后面吗？

Furthermore, Aave's protocol activity on Sonic has not fared better. Over the past seven days, Aave's TVL decreased by a significant 27.28%, the largest decline among major Sonic-linked protocols.

此外，AAVE在Sonic上的协议活动并没有更好。在过去的七天中，AAVE的TVL降低了27.28％，这是主要声音链接方案中最大的下降。

Source: DeFiLlama

资料来源：Defillama

Such a decrease could indicate that large holders are driving the outflows. AMBCrypto has analyzed the behavior of large holders in the market.

这样的减少可能表明大型持有人正在驱动流出。 Ambcrypto分析了大型持有人在市场上的行为。

According to the Large Holder Netflow—which tracks the inflow and outflow activity by major players—2 million FTM was sold.

根据大型持有人Netflow的说法，该网络追踪了主要参与者的流入和流出活动，售出了200万英尺的FTM。

Source: IntoTheBlock

来源：intotheblock

At the current price, this group sold $950,000 worth of tokens in the past 24 hours alone. If this trend continues, Sonic is likely to slide further.

仅在过去的24小时内，该集团就以目前的价格出售了价值95万美元的令牌。如果这种趋势继续下去，Sonic可能会进一步滑动。

Spot traders join the action

现场交易者加入行动

Spot traders, typically retail investors, are also contributing to the ongoing trend.

现货交易者（通常是零售投资者）也在为持续的趋势做出贡献。

For the first time since March, this group recorded a weekly sell-off of Sonic. Data from CoinGlass shows that investors sold over $300,000 worth of the asset.

自3月以来，该小组每周都会第一次抛售Sonic。来自Coinglass的数据表明，投资者售出了价值超过300,000美元的资产。

Source: CoinGlass

资料来源：小店

When such a shift occurs after weeks of accumulation, it signals a highly negative market sentiment regarding the asset's next move.

当积累数周后发生这种转变时，它表明了关于资产下一步行动的高度负面市场情绪。

For now, most market indicators suggest that a further decrease in Sonic's value is anticipated.

目前，大多数市场指标都表明，预计Sonic的价值会进一步下降。