Top Meme Coin Prices Falter But Sonik Coin Powers Past $300k in Presale, Less Than 14 Days Left to Go

cryptonews.com:

Tuesday, August 22, 2023 – While top meme coin prices are faltering, new kid on the block, Sonik Coin, has raised more than $300k  from investors in its goal of becoming the fastest crypto ever to reach a $100 million market cap.

Although not affiliated with Sonic the Hedgehog, Sonik coin is inspired by the meme and its iconic status in the cultural gaming-internet zeitgeist. Its presale has raised $307,659 at the last count – there are now less than 14 days to go before the presale ends.

All meme coins seek to harness their viral potential, and in that regard, $SONIK has the chops to succeed, as indicated by the enticing website art.

However, $SONIK is a meme coin that also offers token holders the tangible certainty of earning staking rewards. All token holders need to do to benefit from SONIK’s stake-to-earn utility is deposit into the staking smart contract.

Many early buyers are putting their funds to work immediately by choosing to ‘buy and stake’ their newly purchased tokens, even before the presale has ended.

According to the data shown on the Sonik staking dashboard, 11,434,202,900 tokens have so far been staked, of a total token supply of 299,792,458,000. 

$SONIK’s total token supply figure might appear strangely random at first glance, but upon closer inspection, you might remember from high school that 299,792,458,000 meters per second is the speed of light.

Fifty percent of the total supply is allocated to the presale, 40% to staking, and 10% to exchange liquidity. 

Doing the math, it means 7.6% of the total presale token allocations have already been staked. The project seeks to raise $2,098,547 at a token price of $0.000014. 

The current raise total of $307k represents 14% of the hard cap goal, which means that