Binance Approves Sonic (S) Supply Increase: 14.2% Boost Expected

The total supply of Sonic (S) on Binance is set to increase from approximately 3.41 billion tokens to around 3.89 billion, a change approved following the project’s proposal. This will result in a 14.2% increase in circulating supply, adding an additional 472 million tokens. A crucial $50 million worth of Sonic (S) is expected to be added to the total supply contingent on final agreement with an ETF. Binance has implemented a risk warning pop-up and banner on its trading page for users to stay informed about these changes. The platform emphasizes that this information is not intended as investment advice and any potential decisions regarding this should be made after thorough independent research, due to the inherent risks of crypto investments.