Sonic CEO Mitchell Demeter tweeted that last night's market crash was mainly caused by leveraged liquidations and forced selling, highlighting how leveraged positions can be rapidly cleared during times of global uncertainty. He noted that although the S token experienced significant volatility, Sonic's fundamentals remained unaffected, and the network operated smoothly during the crash with no transaction backlog. Demeter stated that Sonic has repurchased approximately 30 million S tokens (around $6 million) from the market and added them to the treasury. Meanwhile, the company will continue focusing on products, technology, and long-term partnerships. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50097