This sound is from Ryuji Yamazaki - King of Fighters '98 Ultimate Match - Playable Characters (PlayStation 2)

The Slugfest, known in Japan as The King of Fighters '98 Dream Match Never Ends (KOF '98) is a fighting game released by SNK for the Neo Geo arcade and home consoles in 1998. The game was also remade for the PlayStation 2 in 1999.
See also: The King of Fighters 2002, List of The King of Fighters characters, The King of Fighters XIV, List of Fatal Fury characters, and Geese Howard.