The S token, native to the Sonic blockchain, fell 5% after Sonic Labs announced the resignation of three former executives, including Andre Cronje. The company is overhauling leadership due to community dissatisfaction and a 97% token decline since January 2025.
The S token, native to the Sonic blockchain, dropped 5% after Sonic Labs announced the resignation of three former executives, including ex-Fantom Foundation CEO Michael Kong. The company aims to address community dissatisfaction and the token's 97% decline since January 2025.
Flying Tulip’s Andre Cronje says circuit breakers can give teams time to respond during abnormal outflows, while Curve’s Michael Egorov warns they may create new human vulnerabilities.
Flying Tulip said its withdrawal safeguard is designed to fail open, while a status page lets users monitor the system in real time.
