Sonic [S] surged by over 18% in the past 24 hours at press time, following a revival in trading activity and interest in the token. The daily trading volume has confirmed the increased user involvement as it rose by 558% to about $60 million. On the 26th of June, the altcoin’s price dropped 12%, triggered in part by the resignations of Sonic Labs executives Michael Kong, Andre Cronje, and David Richardson. In response, new CEO Matt Visser has outlined fresh initiatives aimed at stabilizing the token’s long‑term value.