Wu said that Sonic Labs released the 2026 ecological update (Part 1), announcing that CEO Mitchell Demeter and commercial head Evan Owens have left their positions and are currently temporarily managed by the board of directors and seeking a new CEO. Sonic said that the development fund has formed a long-term operating reserve, without the pressure of risk-free investment, and the capital allocation covers assets such as S tokens, stablecoins and treasury bonds. At the strategic level, Sonic Strategy holds about 127 million S (multi-signature escrow and prohibited from sale) and ended its cooperation with the CMCC Resonance Fund. In terms of products, the AI smart contract generation platform Spawn is undergoing internal testing; FeeM has distributed more than 2.6 million S to developers, and may be adjusted from 90% rebate to a tiered structure in the future. At the same time, the Meme Season and Sonic & Sodas incentive plans will be terminated, and the follow-up will focus on long-term ecological construction and token economic integration.