Sonic Labs said about 13 million S tokens would move under a strategic over-the-counter agreement within the next 24 to 48 hours, BlockBeats reported on Oct. 22.
Planned transfer
The project said the counterparty was a long-term partner and that it disclosed the plan so the community would understand the reason for a later on-chain transfer. The report did not identify the partner, wallet address, transfer price or payment asset.
The notice describes a planned transfer rather than a confirmed sale or completed transaction. OTC language alone does not establish market pressure, proceeds or a token unlock; the relative 24-to-48-hour window also does not specify an exact on-chain time.