Sonic Labs Announces $10M Token Sale to Galaxy for U.S. Expansion

• Published 2일 전 on May 13, 2025 •

Hassan Maishera

On Monday, Sonic Labs (formerly Fantom Foundation) announced via a blog post that it had completed a $10 million strategic sale of the $S token to Galaxy.

On Monday, Sonic Labs (formerly Fantom Foundation) announced via a blog post that it had completed a $10 million strategic sale of the $S token to Galaxy, a global leader in digital assets and data center infrastructure.

This investment strengthens Sonic Labs’s position in the U.S. market and provides critical support for its decentralized finance (DeFi) ecosystem development. The partnership is expected to accelerate Sonic Labs’s market penetration in the United States while enhancing its DeFi offerings in the region.

Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its S coin is down 4.2% in the last 24 hours and is currently trading at $0.5633.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.