Cronje, Kong, Richardson quit Sonic Labs board as S token slides 10%
Two CEO changes in nine months and a near-total wipeout of the token's value leave Sonic's institutional push and DeFi liquidity both exposed to the same governance question.
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Two CEO changes in nine months and a near-total wipeout of the token's value leave Sonic's institutional push and DeFi liquidity both exposed to the same governance question.
Both the 30-day and 365-day MVRV sit near record lows at roughly -45% and -47%, putting holders deep underwater — but that pain on its own is not yet a reversal, which is why the $1.15-$1.20…
The monthly release drops back into circulation supply that Ripple has historically re-locked, blunting the immediate sell-pressure read but keeping overhang risk in focus.