### Sonic Labs Reduces S Token Supply with Significant Burn Sonic Labs, formerly known as Phantom, has made a noteworthy announcement regarding its S token supply. According to a recent X post by Andre Cronje, co-founder of Sonic Labs, the company has burned 1.86 million S tokens. ### Airdrop Allocation Re-evaluated These tokens, valued at approximately $750,000, were originally earmarked for an airdrop distribution. The decision to burn these tokens suggests a strategic reassessment of Sonic Labs' distribution plans, potentially aimed at increasing scarcity and value for existing S token holders. Details on alternative distribution methods, if any, were not immediately disclosed. This move highlights the dynamic nature of tokenomics in the evolving DeFi landscape. ```
