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

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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.

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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.

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