Sonic: The $5 million reserved for the S token ETF will be considered for issuance once the S price exceeds $0.50.
TL;DR
Sonic has reserved $5 million in S tokens for a potential ETF, but will only issue them if the S token price exceeds $0.50 to avoid market pressure and support ETF liquidity.
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According to Foresight News , Sonic has released a transparency update regarding its S token ETF allocation: Earlier this year, company management approved a proposal to allocate up to $50 million in S tokens as seed funding to create an ETF that could potentially be listed in the US, but no tokens were issued at the time of this authorization. Subsequently, due to unfavorable market conditions, Sonic Labs chose to suspend execution and adopt a more cautious strategy. At current prices, issuing all of the initially approved $50 million allocation of S tokens would require issuing over 600 million additional S tokens. Sonic is not currently considering doing so. This portion of the funding (up to 100 million tokens) will only be issued if the price of S is above $0.50. These tokens will not enter the public market and will not create additional selling pressure. They remain owned by Sonic, and their sole purpose is to support the ETF structure and initial liquidity.