Binance on Sept. 3 confirmed that, following a governance-approved Sonic proposal, the total supply of Sonic (S) will expand from approximately 3.41 billion to about 3.89 billion, representing a circulating supply uplift of 472 million tokens, or roughly 14.2%. The exchange stated an additional $50 million worth of Sonic will be issued only upon completion of the final ETF protocol, and that its trading interface will synchronize a risk warning pop-up and banner.
COINOTAG previously reported that the Sonic Labs community ratified the “U.S. Market Expansion and TradFi Adoption Plan,” enabling the establishment of Sonic USA LLC. Approved token allocations include a $50 million ETF quota, a $100 million Nasdaq PIPE facility, and the issuance of 1.5 billion S tokens earmarked for Sonic USA.
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Source: https://en.coinotag.com/breakingnews/binance-confirms-sonic-s-supply-increase-circulating-supply-up-14-2-50m-etf-allocation-pending-after-sonic-usa-approval/