97% Down — Andre Cronje Exits Sonic Labs Board as S Token Continues to Sink Lower
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June 21, 2026
Andre Cronje, Michael Kong, and David Richardson resigned from the Sonic Labs board this week, handing control of the struggling layer-one (L1) project to a new executive team. The three founding board members built Sonic Labs, formerly the Fantom…
Andre Cronje, two others resign from Sonic Labs board as S token trades 97% below its peak
Comments Off on Andre Cronje, two others resign from Sonic Labs board as S token trades 97% below its peak
June 20, 2026
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.