Bobby Ong: Andre Cronje exits Sonic Labs board as token drops 90% in 1 year

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Sonic Labs token tumbles 90 percent

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1 hour ago

Bobby Ong: Andre Cronje exits Sonic Labs board as token drops 90% in 1 year — Sonic Labs token tumbles 90 percent

Bobby Ong, chief executive officer at CoinGecko, shared his reaction to the news of Andre Cronje resigning from the Sonic Labs board. Ong observed that the project's token has dropped 90% in the last 1 year, leaving its market cap at $116 million.

He added that many crypto projects are facing heavy challenges in the current bear market and suggested that the industry may not yet have reached the bottom.

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