- Sonic Labs is upgrading its multisig wallets and rotating official treasury wallets to refine security and operations on the Sonic chain.
- Large on-chain transactions will be visible for treasury movements, CEX coordination, and burning excess legacy tokens, but user funds remain unaffected.
- The initiative explicitly DOES NOT involve the sale of any S tokens, aiming only to establish a clearer organizational framework.
Starting this year, Sonic Labs will implement a series of infrastructure enhancements to tighten security and improve the operational structure of the Sonic chain. This follows the project’s dual network migration from the Ethereum and Fantom Opera Networks.
Consequently, the team is refining its multisig setup to align with new native tooling and security standards. Official treasury and operational wallets are also being rotated as part of this clean-up phase.
Meanwhile, the community will notice several large on-chain transactions during this process. These include treasury movements for the new multisig structure and coordination with centralized exchanges for liquidity.
However, the organization emphasizes that these actions are purely operational and do not impact user balances or circulating supply. No changes are being made to token ownership or validator rewards.
The goal is simply to establish a more robust framework for clearly accounting for S tokens. This initiative is intended to improve clarity, reduce overhead, and better position Sonic for future improvements.
Importantly, this process DOES NOT involve the sale of any S tokens. Before moving any assets, an announcement will be made via the official X account, notifying users of the upcoming transfer activity.
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