Sonic is conducting on-chain token integration activities, with no token sales involved.
Foresight News reported that Sonic Labs issued a statement explaining that an on-chain token integration activity has been underway for the past 72 hours to improve the infrastructure following the migration. The community may notice several large on-chain transactions, including fund transfers related to the new multi-signature security structure, liquidity coordination with centralized exchanges, as well as transactions for burning excess liquidity and canceling remaining old tokens after migration. These transactions do not involve token sales and will not affect user funds.
Previously, the Sonic chain underwent a dual-network migration from Ethereum and Fantom Opera Networks. This integration is part of the cleanup phase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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