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Sonic said on its official X account it plans to move around 13 million S, worth about $720,000, within the next 24 to 48 hours as part of a strategic over-the-counter deal.
The layer-1 project said the token transfer is tied to a strategic OTC agreement with a long-term partner, which is expected to use its own network to strengthen Sonic’s ecosystem reach and boost user engagement. Details including the counterparty’s identity and the size of the agreement were not disclosed.