Sonic Labs plans to transfer approximately 13 million S through OTC within 48 hours

Sonic Labs officially stated that within the next 24 to 48 hours, approximately 13 million S tokens will be transferred according to a strategic over-the-counter trading agreement, with the counterparty being its long-term partner.

Both parties will collaborate to expand the coverage and user engagement of the Sonic ecosystem within each other's networks. This advance disclosure aims to inform the community about the upcoming large on-chain transfer.