This is the "Tie Dye Youth Snapback Cap"
It is yet another Target item in 2021. The tie-dye in the title is a nice mix of dark and sort of aqua blue in random splotchy pattern all over the whole hat. The Sonic graphic is a good neoclassic one where he is running forward but looking a bit to the side/with hands also forward. It is made of thick embroidery, with a black outline. To add interest, it's placed such that part of one of the feet is on the flat bill of the cap. This makes it a bit more fun and dynamic.
It's still unknown if adults can wear a 'youth' label cap or if it's actually really small or something. Also a kids cap, this should be about 10 dollars as well which is a decent deal.