Sonic Labs Plans Transfer of About 13 Million S Tokens Through OTC Deal
Photo: TokenPost
Sonic Labs plans to move about 13 million S tokens through an over-the-counter (OTC) deal with a long-term partner within 24 to 48 hours, giving the community advance notice of a large on-chain transfer. The parties aim to broaden the Sonic ecosystem’s reach on the partner’s network and increase user participation there. The arrangement is planned; the transfer has not yet been described as complete. Sonic Labs disclosed the planned transaction in advance so the community would have context when the transfer appears on-chain. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
