Sonic (S)

Yesterday this Silo USDC market on Sonic looked stressed.

Today it looks even worse.

Supply APR: 64.0%
Borrow APR: 75.3%
Utilization: 100%
Available to borrow: 0 USDC
Read that again: 0 USDC available to borrow.
This is what an exhausted market looks like. No slack, no buffer, no healthy liquidity cushion. Just maxed-out utilization and rising rates trying to hold the whole thing together.
Yesterday there was at least a tiny bit of room left. Today that room is gone.

When a lending market is pinned at 100% utilization with borrow costs over 75%, that is not strength. That is a system being pushed to its limit. The yield only looks attractive because the stress is getting worse.

All it takes is one shift in positioning, one liquidity grab, or one wave of withdrawals and this goes from “look at the yield” to “why is this market completely jammed?”

This is not sustainable.
This is what it looks like right before something breaks.

@SonicLabs Will this cause $S to blow up on @SiloFinance ?

Sonic Labs says that after October 15, 2026 it will permanently destroy about 32.69 million unclaimed S tokens. These tokens are currently locked in an airdrop contract, and after the cutoff anyone can trigger the burn on-chain; the company also says it will not conduct additional airdrop minting, and unclaimed allocations will not be retained in the contract long‑term. https://t.co/mBQj2bCmOc

#S $S 28/03/2026

Put it under observation

Breakout 0.04248 entry ✅

Stop loss in red upon closing a 4-hour candle exit ❌

#البتكوين #BTC $BTC #TRADING https://t.co/VnoLSoGDqX