🔹Sonic just abruptly halted the ETF plan to save the price of token S, absolutely refusing to print more tokens indiscriminately while the market is in disarray.
🔸Instead of indiscriminately printing 600 million tokens at a low price, the project has decided to only mint ETF tokens when the price $S is above 0.5 USD, but it is expected to have little impact. The total value will remain at 50 million USD, but the number of additional tokens issued will be strictly limited to protect the interests of those holding the tokens.
🔸This ETF token will be locked in management products in the US, so there will be no way to leak it to the market and dump on everyone. This is a long-term game with the big players on Wall Street, not a short-term pump and dump.
🔹Sonic would rather delay the ETF than tokenize inflation, a practical action showing that the project still cares about the community's financial interests.
What do you guys think $S is there enough strength to return to the 0.5 USD mark this season or will we have to wait until next year's tangerine season?