This sound is from Street Fighter II Sounds

More than 6.3 million SNES cartridges of Street Fighter II have been sold. It is the best-selling single software game on a single platform, and the highest-selling third-party game on the SNES.
See also: Street Fighter II Turbo, Street Fighter II: The Animated Movie, Street Fighter, Super Street Fighter II, Super Street Fighter II Turbo, Street Fighter II: Champion Edition.