Sonic Labs reclaims 40.5M S tokens from CMCC Resonance Fund

August 24, 2026

Following the conclusion of its collaboration with the CMCC Resonance Fund, Sonic Labs said an allocation of 40,489,729.04 S tokens was returned to it on August 21 and moved the same day into a Sonic-controlled account at Binance. Sonic Labs clarified that no tokens were sold as part of this transfer.

Sources

Token movement: 40,489,729.04 sonic-3:native Following the conclusion of our collaboration with the CMCC Resonance Fund, the allocation was returned to Sonic Labs on August 21 and moved the same day into an account we control at Binance. No tokens were sold in this transfer.x.com ↗

Fantom

Fantom is a fast and scalable next-gen Layer-1 platform.

View project

Get stories like this in your inbox

Get your digest

Sonic Labs reclaims 40.5M S tokens from CMCC Resonance Fund — Outposts