Sonic Labs has released the 2026 ecosystem update (Part One), announcing that CEO Mitchell Demeter and Head of Business Evan Owens have resigned. The board is currently temporarily managing and seeking a new CEO. Sonic states that the development fund has formed a long-term operational reserve, with no risk of investment unlocking pressure. The fund allocation covers S tokens, stablecoins, and government bonds among other assets.

At the strategic level, Sonic Strategy holds about 127 million S tokens (multi-signature custody with sale prohibited) and has ended cooperation with CMCC Resonance Fund. On the product side, the AI smart contract generation platform Spawn is undergoing internal testing; FeeM has distributed over 2.6 million S tokens to developers cumulatively, and in the future may adjust the 90% rebate to a tiered structure; meanwhile, the Meme Season and Sonic & Sodas incentive programs have been terminated, with future focus on long-term ecosystem construction and token economy integration.