23.06.2025 17:21

Coinbase, a major cryptocurrency exchange, has announced the listing of the Sonic (S) token, a development that has sent ripples through the crypto market. This follows an official statement from the exchange itself confirming the addition of the asset to its platform.

The rebranded altcoin, formerly known under a different moniker, has experienced a significant surge in value since the announcement, exceeding the broader market recovery witnessed earlier in the day. Specifically, the price of Sonic (S) has increased by a considerable 14%, outperforming numerous other altcoins.

Interestingly, the price jump wasn't an immediate reaction to the Coinbase listing news. This is particularly noteworthy given a past dispute between Andre Cronje, the founder of Sonic, and Coinbase itself. Cronje previously alleged that Coinbase demanded exorbitant listing fees, contradicting the exchange's public stance.

This controversy echoes similar claims made by Justin Sun, founder of Tron, who alleged Coinbase requested an $80 million fee and a substantial Bitcoin collateral of $250 million for the TRX listing. Despite these accusations, Coinbase maintains its position that it doesn't charge listing fees.

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