Sonic Labs to move 13M sonic-3:native tokens on-chain in OTC deal
Summary
Sonic Labs announced that approximately 13 million sonic-3:native tokens will transition to on-chain within the next 24 to 48 hours, part of a strategic OTC deal with a long-term partner. This move follows Sonic Labs' recent decision to cancel all manual token mints, focusing instead on automated validator emissions and the ongoing burn of unclaimed allocations. Additionally, CEO Matt Visser emphasized future growth through enhanced application support, allowing users to engage without direct blockchain exposure.
Analysis
Sonic Labs: Sonic Labs operates a high-performance EVM-compatible Layer 1 blockchain focused on developer scalability and earning opportunities, powered by its native token. Under CEO Matt Visser, who assumed leadership earlier in 2026, the project has emphasized infrastructure improvements, including recent protocol upgrades and stricter token supply controls. The announcement of an OTC token transfer to a long-term partner directly supports its stated goal of expanding network reach and engagement through strategic collaborations. Adoption: CEO Matt Visser recently highlighted four key areas for future growth, including support for applications that allow users to interact without direct blockchain exposure. Tokenomics: Sonic Labs has canceled all manual token mints, with only automated validator emissions remaining, alongside ongoing burns of unclaimed allocations. Partnerships: Sonic has been expanding integrations, such as enabling deposits on additional platforms to broaden ecosystem access.
Categories
cryptohyperliquidon_chain_whale
Related sources
- https://foresightnews.pro/news/detail/115716
- https://x.com/TokenInsight/status/2109483189521784955
- https://lookonchain.com/feeds/78101
- https://www.soniclabs.com/blog/day-100-update/
- https://x.com/SonicLabs/status/2113076547188035838
- https://x.com/SonicEcosystem/status/2111755411942690915
- https://x.com/soniclabs
- https://x.com/i/status/2113156178968506671
- https://x.com/i/status/2113139782562005265
- https://x.com/SonicLabs/status/2111831643032031558
- https://x.com/i/status/2113095606780703056
- https://www.techflowpost.com/zh-TW/newsletter/140885
- https://x.com/Jackcrypto4life/status/2111229921834205463
- https://x.com/i/status/2113155893340860859
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- https://www.cryptotimes.io/2026/09/22/sonic-cancels-all-manual-s-token-mints-and-orders-independent-audit/
- https://x.com/Lina_CryptoA/status/2113090885139546608