Cronje Leaves Sonic Board as S Token Nears Record Lows

Article

--

Fact check this news

Sonic Labs confirmed Andre Cronje, Michael Kong, and David Richardson resigned from its board as S trades about 91% below its January 2025 peak. Matt Visser becomes the second CEO in nine months, and DefiLlama shows TVL has dropped roughly 98% from a 2025 peak above $1.1 billion.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

S+9.48%

366

Join global crypto users on Binance Square

⚡️ Get latest and useful information about crypto.

💬 Trusted by the world’s largest crypto exchange.

👍 Discover real insights from verified creators.

Email / Phone number

Cookie Preferences