$S 🚨 S Price Alert - Up 8.15% - Cause:
- Sonic Labs published a blog post announcing a shift to a vertical integration strategy, focusing on building or acquiring core applications in trading, lending, payments, and settlement to direct revenues back to the S token, moving away from reliance on gas fees alone.
- Sonic Labs issued a follow-up statement outlining upcoming details on leadership changes, the Sonic development fund, institutional expansion, tokenomics, governance, and integrated revenue verticals.
- Promotions highlighted the active supporter whitelist for Flying Tulip, an on-chain financial system, with preparations underway for its upcoming rollout on the Sonic chain.