Quantcast

Binance reports supply increase for Sonic (S) after proposal approval

MoonPay and PayPal’s Partnership Expands to EU and UK
Wife of Binance exec ‘expected a lot more’ from US as husband languishes in Nigerian prison
Tokenization: Fidelity tokenizes the shares of its money market fund on the JPMorgan blockchain
South Korea exceeds all other countries in terms of crypto adoption, what are the consequences?
Crypto: Investors are accumulating Ethereum ahead of the next price surge
Solana-based multisig protocol Squads raises $10 million, launches retail wallet app Fuse
Norwegian government freezes and returns $5.7 million connected to Ronin hack
Breaking: Robinhood to Acquire Bitstamp Crypto Exchange in $200 Million All-Cash Deal
Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release
HOOD Stocks Will Explode, It's the Deal of the Century According to Experts
Bitcoin - European Central Bank (ECB) Reopens the Floodgates
SEC’s Gary Gensler ditches favourite crypto broadside
Will Dogecoin hit $1 in June? What the forecasts tell us
Author: U.S. citizen detained in Nigeria is being 'denied proper medical treatment for malaria'
France: Lugh announces the end of its stablecoin EURL – Why?
Europe: Bitpanda announces major partnership with Deutsche Bank
What are the 5 cryptocurrencies that performed best in May 2024?
Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens
Ethereum ETF: 3 reasons for future failure for JPMorgan
SpacePay Brings Crypto To Traditional Commerce Using Revolutionary Payment Software – Next Big Altcoin of 2024?
Crypto: The impact of the European elections on regulation
“We must change this peremptory tone”: Bruno Le Maire tackled by the Finance Commission on the public deficit
Bitcoin and gold: A growing correlation to closely monitor
Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee
Breaking: DMM Bitcoin Loses 4,502.9 BTC in $305 Million Crypto Hack
A crypto developed thanks to ChatGPT has gained more than 2,000%
DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs
SEC condemned for abuse of power
The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful
Binance France drops CZ and names two new shareholders to preserve European foothold
Binance reports supply increase for Sonic (S) after proposal approval
Web3/Crypto
Webp changpeng zhao 14
Changpeng Zhao, Founder for Binance | X

Binance has announced that following the approval of Sonic's governance proposal, the total supply of Sonic (S) will increase from approximately 3.41 billion to 3.89 billion. This change includes a rise in circulating supply by 472 million tokens, representing a 14.2% increase.

According to Binance’s official announcement on its support portal, this adjustment in Sonic’s tokenomics results from a governance proposal approved by the Sonic project team. The decision highlights the role of decentralized governance in modifying supply dynamics to align with project strategy and liquidity needs. Binance emphasized that it is merely relaying information provided by the project and does not endorse or verify the accuracy of these changes.

Binance confirmed that Sonic’s total supply will rise by about 480 million tokens, increasing from around 3.41 billion to approximately 3.89 billion, resulting in a 14.2% increase in circulating supply. The project team also disclosed that an additional allocation—valued at roughly $50 million—will be added only if a final Exchange-Traded Fund (ETF) agreement is reached, linking further supply expansion to regulatory or market developments. Binance highlighted this as data provided by Sonic Labs, underscoring its neutral role in information dissemination.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

To ensure transparency, Binance noted that a risk warning pop-up and banner will be displayed on Sonic’s trading page to alert users about the updated tokenomics. The company reiterated it does not guarantee the authenticity of data and reserves the right to impose monitoring or suspend trading services if violations of its Market Support Policy occur. Users are advised to contact the Sonic project team directly for inquiries regarding data accuracy or calculations.

According to Binance’s corporate overview, founded in 2017, it has grown into the world’s largest cryptocurrency exchange by trading volume. With millions of users globally, Binance offers various services including spot and derivatives trading, staking, lending, institutional tools, and Web3 infrastructure. By publishing project-driven token changes like this one, Binance underscores its commitment to transparency while maintaining a neutral stance within the crypto ecosystem.

Organizations Included in this History
More News

Vladimir Gorbunov, founder of Choise.ai, expressed concerns over bans on cryptocurrency kiosks, suggesting that such measures misdiagnose the issue of fraud.

Oct 31, 2025

Alison Jimenez, president of Dynamic Securities Analytics, said that the focus on Bitcoin ATMs overlooks the fact that most cryptocurrency scam losses occur via exchanges.

Oct 30, 2025

Chuck Callesto, a political strategist and founder of Star Political, expressed his support for President Trump's pardon of Changpeng "CZ" Zhao.

Oct 29, 2025

Carlos Domingo, CEO of Securitize, said that the company is facilitating crypto investors' access to on-chain real-world asset information without the need for coding or blockchain explorers.

Oct 24, 2025

Changpeng Zhao, founder of Binance, commented on DeepSeek's reported success in artificial intelligence trading, highlighting potential market effects and the likelihood of increased research and activity.

Oct 24, 2025

Vitalik Buterin, co-founder of Ethereum, has said that Polygon and Sandeep Nailwal have significantly advanced the ecosystem.

Oct 24, 2025