Sonic Labs flags a planned transfer of approximately 13 million S tokens
An October 22 report citing Sonic Labs' social-media announcement says approximately 13 million S tokens are expected to move over the next 24 to 48 hours under a strategic over-the-counter agreement. Sonic Labs identified the counterparty only as a long-term partner and said it disclosed the plan so the community could understand the transfer when it appears on-chain.
This describes an announced future movement, not confirmation that the transfer has already occurred. The supplied announcement does not disclose a transaction price, cash proceeds or the partner's identity. An observed transfer should therefore be reconciled with the announced arrangement before being interpreted as an open-market sale.
Reported: 10-22 01:42 UTC
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