Sonic says that over the next 24 to 48 hours, approximately OTC S tokens will be transferred under a strategic 13000000 agreement
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AT A GLANCE
Sonic Labs said that approximately 24 to 48 hours, under a strategic OTC agreement, 13000000 S tokens will be transferred.
Article
Sonic Labs: will transfer approximately OTC through a transaction 13000000 S tokens
BlockBeats reported that October 22，Sonic Labs posted on social media that, over the next 24 to 48 hours, approximately 13000000 S tokens will be transferred under a strategic OTC(over-the-counter) agreement. The counterparty is a long-term partner, and Sonic Labs disclosed this information in advance so that when the community sees the fund transfer on-chain, it can clearly understand the reason behind it.
Original link https://m.theblockbeats.info/flash/373077
Key points
01
BlockBeats reported that Sonic Labs posted the relevant information on social media.
02
Sonic Labs stated that over the next 24 to 48 hours, approximately 13000000 S tokens will be transferred under a strategic OTC agreement.
03
Sonic Labs said that the counterparty is a long-term partner.
04
Sonic Labs said the information was disclosed in advance so that the community would understand the reason when it saw the on-chain fund transfer.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
OTC That is, an over-the-counter transaction, in which the two parties are matched directly without using a public market. This describes a planned token transfer, not a transaction that has already been completed.
Why it matters to readers
Approximately 13000000 The planned transfer of S tokens is substantial in scale, allowing the community to identify subsequent related on-chain fund movements.
Beginners should distinguish between “planned transfer through OTC” and “already sold on the public market”; the original text confirms only the former plan.
Risks and unknowns
The original text does not confirm whether this transfer has been executed.
The specific identity of the counterparty was not disclosed.
OTC The price and other terms of the agreement were not disclosed.
The original text does not provide an on-chain transaction hash or receiving address.
The evidence does not include the Sonic Labs original social media post; the relevant statements come from BlockBeats’ account.
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OTC
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