Sonic updates ETF token allocation plan: executed only when the S price exceeds $0.5, with an issuance scale not exceeding $50 million

Odaily Planet Daily reports that Sonic Labs has issued an announcement updating its ETF token allocation execution plan. Previously, the Sonic community approved a governance proposal authorizing up to $50 million worth of S tokens for a potential US-listed ETF to facilitate its entry into the regulated US market. However, after the proposal was passed, due to the overall market downturn and a significant decline in S price, Sonic Labs decided to postpone execution and did not mint any related tokens during this period to avoid increasing supply at unfavorable price levels. The announcement states that executing the original plan at the current price would require issuing over 600 million S tokens, which deviates significantly from the original intent of the governance proposal. Therefore, this plan will not be adopted. To better align the interests of token holders, Sonic Labs clarifies new execution constraints: S tokens will only be minted for ETF allocation when the S price exceeds $0.5, corresponding to a maximum of 100 million tokens; the total token value is strictly capped at $50 million, with a preference to issue fewer tokens at higher price levels; any execution deviating from these conditions will not occur. Sonic Labs also emphasizes that S tokens used for the ETF will be locked within the regulated product and will not enter secondary markets or increase market selling pressure. The team states that US-listed ETFs remain a long-term strategic focus, aiming to provide compliant Sonic exposure for institutional investors. Any future adjustments will continue to be communicated clearly and advanced through governance processes.