Sonic Labs suspends annual token inflation, $S surges 18%

Sonic (S) rises after Sonic Labs pauses annual token inflation, with traders watching 0.02615 resistance and pullback risk. Sonic’s S token moved higher after Sonic Labs paused its planned annual token inflation. The update reduced near-term supply concerns. Market notes showed S gaining strongly after the announcement. Traders are now watching whether the move can […] The post Why Is Sonic (S) Price Pumping Today? appeared first on Live Bitcoin News.

Andre Cronje, Michael Kong, and David Richardson resigned from the Sonic Labs board this week, handing control of the struggling layer-one (L1) project to a new executive team. The three founding board members built Sonic Labs, formerly the Fantom Foundation, from the ground up. Cronje served as chief technology officer and is known across DeFi […]

Andre Cronje and two directors depart Sonic Labs board. The project's token trades 97% below its peak as new CEO focuses on restructuring.

Sonic Labs' leadership shift highlights the challenges of restoring trust and liquidity in a drastically diminished DeFi ecosystem. The post Sonic Labs board reshuffles as S token trades 97% below peak appeared first on Crypto Briefing.

Sonic Labs has announced a leadership overhaul after the S token extended its long-running decline, with former chief technology officer Andre Cronje joining two other senior figures in stepping down from the organization’s board. According to Sonic Labs, Andre Cronje,…

Andre Cronje, Michael Kong and David Richardson have stepped down from the Sonic Labs board, while Matt Visser has been appointed as Sonic Labs' new CEO, replacing Mitchell Demeter who resigned in February.

Andre Cronje, Michael Kong and David Richardson are stepping down from the board of the Layer 1 blockchain, whose token has fallen about 97% from its peak, as Matt Visser takes over as CEO