Sonic Price Drops 6% As Wintermute Offloads Token Holdings

Sonic publicly revealed that it ended its five-year partnership with Wintermute. A few hours prior, the market maker dumped over $850,000 in S tokens, causing a 6% price drop. Wintermute was involved in a controversial token dump last month, but today’s events may be part of a normal business interaction. Sonic claimed no foul play, stating that the market maker sold token holdings to return loaned money source: https://beincrypto.com/wintermute-and-sonic-split-ways-token-dump/