---
title: "Andre Cronje, two others resign from Sonic Labs board as S token trades 97% below its peak"
url: https://thecoingazette.com/andre-cronje-two-others-resign-from-sonic-labs-board-as-s-token-trades-97-below-its-peak/
date: 2026-06-20
modified: 2026-06-20
author: "Coin Gazette Editorial"
description: "Sonic Labs said the three \"remain invested in Sonic's success\" but will no longer make business decisions for the Layer 1 network, formerly Fantom."
categories:
  - "Crypto News"
tags:
  - "BUSINESS"
  - "Crypto Ecosystems"
  - "Fantom"
  - "Layer 1s"
  - "Network"
  - "resign"
  - "sonic labs"
  - "token"
word_count: 24
---

# Andre Cronje, two others resign from Sonic Labs board as S token trades 97% below its peak

Sonic Labs said the three "remain invested in Sonic's success" but will no longer make business decisions for the Layer 1 network, formerly Fantom.