Sonic Labs CEO and Business Head Departed

Sonic Labs releases the 2026 ecological update (Part One), announcing that CEO Mitchell Demeter and Business Head Evan Owens have stepped down, with the board currently managing in the interim and seeking a new CEO. Sonic states that the development fund has formed a long-term operating reserve, unlocking pressure on risk-free investments, with capital allocation covering assets such as S tokens, stablecoins, and government bonds.

Strategically, Sonic Strategy holds approximately 127 million S tokens (multi-signature custody and prohibited from sale) and has ended its collaboration with CMCC Resonance Fund. In terms of products, the AI smart contract generation platform Spawn is currently undergoing internal testing; FeeM has allocated over 2.6 million S tokens to developers, and in the future, may adjust the 90% rebate to a tiered structure; at the same time, it has terminated the Meme Season and Sonic & Sodas incentive programs, focusing on long-term ecological construction and token economic integration going forward.