Sonic’s S token is trading at $0.03135 after rising 11.6% on the day, while traders watch its prospects amid a challenging altcoin market.
Harry Yeh, founder of Quantum Fintech and a Fantom ecosystem backer, died in Paraguay after a reported fall from the 30th floor as police investigate the incident.
Andre Cronje and two other board members have resigned from Sonic Labs, though the company says they remain invested in the network’s success. The move comes as Sonic’s S token trades 97% below its peak.