The latest developments regarding the S Coin ETF allocation are here. The company management had already approved a plan—aiming to use $50 million as startup capital to establish an ETF that is expected to be listed in the United States. However, this authorization did not result in any actual token issuance at the time.

Why? Later, the market environment became less favorable, and Sonic Labs decided to hit the brakes. The team shifted to a more cautious approach. At the current price, to convert the initially approved $50 million quota into S Coins, over 600 million tokens would need to be additionally released. But frankly, the company currently has no such plan.

So, when will they take action? A trigger condition has been set: as long as the trading price of S Coin surpasses the $0.5 threshold, the token issuance plan will be activated—no more than 100 million tokens. A key point to emphasize here is that these tokens will not enter the secondary market and will not exert additional selling pressure. These coins will remain assets of Sonic, with the sole purpose of supporting the ETF's structural framework and providing initial liquidity. Such an arrangement is actually quite prudent.