Established Altcoin Name Changes in Early 2025 Expands to the US! $150 Million Proposal Approved!

The Sonic (S) community has approved a $150 million token issuance to expand into the ￰0￱ to The Block the Sonic (S) community formerly known as Fantom has approved Sonic Labs’ $150 million token issuance proposal to expand into the US ￰1￱ August 20 proposal

titled “US Expansion and Traditional Finance Adoption,” was approved with 99.9% ￰2￱ plan includes designing a $50 million exchange-traded fund (ETF) creating a $100 million treasury of Sonic tokens to be listed on Nasdaq and establishing a Sonic USA entity in New ￰3￱ this point the proposal included a plan to partner with a top-tier ETF provider to launch a regulated ETF tracking the company's native S ￰4￱ Sonic team also announced that it will establish Sonic USA LLC

establishing a US-based CEO and team in New York to facilitate TradFi plans and manage engagement in Washington ￰5￱ this regard the team will use 150 million S tokens (worth $47.7 million) to launch Sonic ￰6￱ was stated that the necessary custody transactions for the plans included in the offer will be carried out by ￰7￱ Labs described the proposal as a necessary measure to secure exchange listings increase competition and introduce a deflationary ￰8￱ S token

which experienced a huge surge with the approval of the proposal later gave back most of its gains and continues to trade at $0.3. *This is not investment ￰9￱ Reading: Established Altcoin Name Changes in Early 2025 Expands to the US! $150 Million Proposal Approved!