Sonic (S)

🚨 $S JUST HIT AN ALL TIME LOW AFTER THE ENTIRE BOARD RESIGNED

Michael Kong, Andre Cronje and David Richardson. These are not replaceable names.

These are the people who built Sonic from nothing.

Andre Cronje alone has moved billions in capital just by showing up to a project. Now they are gone.
And the market responded immediately.

$S dropped to $0.028 today, a new all time low.

The new CEO is promising to make things 1% better every day. But here is the problem.

You cannot rebrand your way out of a confidence crisis. Fantom tried that. It became Sonic.

But the people who knew the vision are out.

That is not a setup for a recovery. That is a setup for more pain.

What do you think? 👀

sonic-3:native has been one of my best shorts the last few months

It almost feels easy

Long coins with strong revenue stream and buybacks

Short infra coins https://t.co/Ny9EfrUfZL

The recent developments around Sonic ($S) and their main contirbutors Michael Kong & Andre Cronje teach us one important thing:

Do not ever invest in anything they build long-term, they have a 0% success rate and currently a pretty decent stack of failures for investors

Flying Tulip will eventually just face the same fate, be aware