S token drops 5% as 3 former execs resign from Sonic Labs board
CoinTelegraph·
60-second summary
Andre Cronje, Michael Kong, and David Richardson are resigning from the Sonic Labs board, triggering a 5% drop in S token value. Matt Visser has taken over as CEO, replacing Mitchell Demeter who stepped down in February. The leadership change may impact Sonic Labs' development and partnerships, potentially affecting the S token's long-term prospects and market volatility.
Andre Cronje, Michael Kong and David Richardson have stepped down from the Sonic Labs board, while Matt Visser has been appointed as Sonic Labs' new CEO, replacing Mitchell Demeter who resigned in February.