The top 25 Sonic wallets have accumulated 12.22 million SONIC tokens, a move that exceeds the daily average by 51 times, according to CoinEdition. This significant accumulation, primarily driven by the SonicLabs treasury, hints at potential strategic initiatives such as governance votes, real-world asset tokenization, or liquidity pool developments. Analyst Michaël van de Poppe notes Sonic's robust support levels and the potential for a substantial price increase, despite the absence of a clear uptrend. Currently trading at approximately $0.29, Sonic could reach $0.32 if momentum persists. The accumulation may also be linked to institutional developments, including FinChain's $328 million tokenization project.