S Token Jumps 5% as Sonic Appoints New CEO

Key Notes

Sonic Labs named blockchain pioneer Mitchell Demeter as new CEO.

S token gained nearly 5%, bucking broader market weakness.

Technicals hint at an early-stage breakout with resistance at $0.26–$0.29.

Sonic Labs has appointed Mitchell Demeter as its new Chief Executive Officer, marking an important moment for the blockchain company.

The move comes as the network’s native token, S, rallied nearly 5% in the past 24 hours, which defies the broader altcoin market slump.

Sonic Labs has appointed Mitchell Demeter as CEO to drive global growth and deepen institutional partnerships. He will lead efforts to expand the developer ecosystem, strengthen institutional ties, and grow the company’s presence globally and in the U.S. Demeter will also step…

— Wu Blockchain (@WuBlockchain)