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Andre Cronje and Two Others Leave Sonic Labs Board as S Token Sits 97% Below Peak

2026-06-20 16:30:53

Andre Cronje, Michael Kong and David Richardson are resigning from Sonic Labs' board as the S token trades about 97% below its January 2025 high. Sonic Labs named Matt Visser as chief executive officer and Kosta Kourkoumelis as chief operating officer. DefiLlama data shows Sonic's DeFi total value locked stood at about $26 million, down from a peak above $1.1 billion in May 2025.

S-10.56%

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