According to OnchainDataNerd, the $S token has successfully raised over $3 million exclusively from the community, without any venture capital involvement. The current sale, still open for two more days, offers traders an attractive 600%+ APR through $AQUA and $xAQUA staking, as well as a fully diluted valuation (FDV) that is 15 times lower than the competing $SHADOW token. For crypto market participants, these metrics highlight strong organic demand and a potentially favorable risk-reward profile, especially for yield-seeking investors. Source: OnchainDataNerd via Twitter, June 3, 2025.

According to @OnchainDataNerd, a wallet potentially linked to Sonic Labs has deposited 11.78 million $S tokens, valued at approximately $5.55 million, into Binance. This significant movement could indicate an impending sale or strategic positioning, potentially affecting $S's market price. Traders should monitor Binance's order books for any large sell orders and adjust their strategies accordingly. Additionally, the transaction can be tracked via the provided address on intel.arkm.com.