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A major airdrop burn just went live. Sonic token supply took a hit as 16 million $S tokens were permanently removed from circulation.
Here's the breakdown:
• First batch: 1.55M $S (~$124K) torched
• Second batch: 14.48M $S (~$1.17M) destroyed
The smart contract was set up with a time-based trigger. Once the deadline hit, anyone could call the burn function—essentially an automated cleanup mechanism. No manual intervention needed. The token economy just got a reshape, and the implications for Sonic's tokenomics are worth watching.