Sonic Labs CEO Hits Pause on ETF: Token Drama & Market Mood Swings! 😱💸

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Sonic Labs slammed the brakes on their ETF token plan faster than Bridget Jones on a bad date, all because lower prices meant they’d have to churn out tokens like they’re going out of fashion. 🍸💔

So, the Sonic gang had a little strategy makeover after their bigwigs took a long, hard look at their past decisions and realized the market was moodier than Mark Darcy on a Monday. 😏 The CEO dropped a public statement, basically saying, “Yeah, we’re hitting pause on this ETF business.” 🎤

Apparently, they’re all about supply control, governance alignment, and institutional market access now. Fancy words for “we don’t want to flood the market with tokens and look like we’re panicking.” 🌊💼

Governance Approval And Initial ETF Planning

Earlier this year, when the market was all sunshine and rainbows, Sonic’s governance gave the thumbs up to an ETF allocation worth up to $50 million in S tokens. 🌈💰 The plan? To make it rain regulated institutional access and expand their market party. 🎉

Earlier this year, when S tokens were trading at higher levels, governance gave the green light to an ETF allocation. As the market cooled, we held off on minting those tokens, and no ETF tokens have been issued. When I came on board as CEO in late September, I chose to keep it paused.… 🕶️✋

– Mitchell Demeter (@MitchellDemeter)

But then, the market decided to throw a tantrum, and the S token price took a nosedive. 🚀➡️🪂 So, the team was like, “Nah, let’s not mint those tokens just yet.” No tokens were issued, and the supply stayed as steady as Bridget’s resolve to avoid another disastrous dinner party. 🍷

Leadership Review and Decision To Pause Execution

Enter Mitchell Demeter, the new CEO, who strolled in during late September and was like, “Hold up, let’s review this ETF plan.” 📊 He took one look at the updated market data and was like, “At these prices, we’d have to issue a gazillion tokens. Hard pass.” 🚫📈

The leadership decided to keep the pause button pressed, because apparently, token supply discipline is the new black. And let’s be real, no one wants to mess with the long-term ecosystem balance. 🌍⚖️

Revised Conditions for Future ETF Allocation

Sonic Labs then dropped their updated ETF conditions, which basically said, “We’ll only mint tokens when the price is high enough to make it worth our while.” 💎 They also slapped a cap on token issuance because, you know, supply structure is sacred. 🙏 The $50M allocation cap? Still there, because why fix what’s not broken? 🛠️

Transparency update on Sonic Labs’ ETF allocation. Earlier this year, governance approved a proposal authorizing up to $50M worth of S tokens to seed a potential US-listed ETF, expecting execution to follow ASAP. 🧵

– Sonic (@SonicLabs)

The new plan? Fewer tokens at higher prices, because who wants to dilute their supply and look like they’re desperate? 😢 Any tokens issued will stay locked in regulated products, so no selling pressure drama, please. 🚫🎭

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2025-12-28 03:23