Sonic Labs’ Flying Tulip raises funds for on-chain exchange

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: crypto

Updated: Aug 15 2025

S-4.472%

USDE0%

SOL-4.531%

Should l Buy S?

Capital Raising for Flying Tulip: Flying Tulip, an on-chain trading platform founded by Andre Cronje, is initiating its first public fundraising effort to support its launch and expansion, inviting U.S.-based funds to invest.
Platform Features and Tokenomics: The platform aims to deliver a high-performance decentralized exchange with unique features like a synthetic delta-neutral liquidity pool, leverage options, and a fixed supply native token (FT) that allows holders to sell back at the original investment rate in various cryptocurrencies.

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Technical Analysis for S

Technical Sentiment Analysis for Sonic (prev. FTM) (S) As of , Sonic (prev. FTM) (S) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for S stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, S is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sonic (prev. FTM) (S) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0123	0.0251	0.0362	0.0489	0.06	0.0727	0.0838
Fibonacci	0.0251	0.0342	0.0398	0.0489	0.058	0.0636	0.0727

About S

Sonic is the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 10,000 TPS and sub-second finality.Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement.Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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