📢 Market Shake-Up Insight from Sonic CEO Mitchell Demeter

Last night’s market turbulence sent shockwaves across the crypto landscape — but according to Sonic CEO Mitchell Demeter, the crash was primarily driven by leverage squeezes and forced liquidation waves, not by weak fundamentals.

💬 Demeter emphasized that while S tokens faced sharp volatility, Sonic’s network remained fully stable, processing transactions seamlessly with no backlogs despite the global market chaos.

🔥 In a strong show of confidence, Sonic has repurchased 30 million S tokens (worth about $6 million) from the open market, adding them to the project’s treasury.

💡 The CEO reaffirmed Sonic’s commitment to product innovation, advanced technology, and long-term strategic partnerships — proving resilience even in times of uncertainty.

DYOR No Financial advice!

#Sonic #CryptoNews #Binance #MarketUpdate   #SonicNetwork

$S

S

0.04191

+5.96%