Sonic Labs $150M US Expansion and First Regulated ETF
Sonic Labs don collect community approval for $150 million US expansion, wey include launching di first regulated ETF dem get. Under di proposal we dem call “US Expansion and TradFi Adoption,” Sonic Labs go invest $100 million for public capital for Nasdaq through di ETF, plus dem go set aside 150 million Sonic tokens to start new Sonic USA division. Reserve funds go dey back token buybacks and freeze assets for at least three years to support market stability. Alongside, tokenomics update go redistribute commissions and put gas burning in place to reduce token supply and make am scarce. Right now, Sonic (S) token get market capitalization of $993 million and dey trade around $0.3085, down 3.6% last week. Sonic Labs still dey work on their EVM-compatible Layer-1 blockchain, wey dem launch for August 2024, to attract institutional investors and make their presence strong for traditional finance.
Bullish
Di tori beta for Sonic Labs and di S token. Di $150 million US expansion and di regulated ETF launch dey show say institutions strong for this mata and regulators don approve am, same way demand rise take happen for Bitcoin ETF approval dem. To put $100 million for Nasdaq-listed ETF mean say traditional investors fit join well, e go possibly make trading volume dey high. Di token buybacks and gas-burning tokenomics update go reduce how many token dey, e go support price to go up for short term. For long term, to establish Sonic USA and move forward with EVM-compatible Layer-1 blockchain fit make dem more credible, make institutions gree join and improve network utility. Even though regulatory steps fit take time, Sonic Labs dey focus on TradFi integration plus supply scarcity make dis project fit grow steady, e fit be one catalyst for people to buy again and market to stable more.