Sonic recently went public about ending its partnership with Wintermute, a market maker that had dumped over $850,000 worth of S tokens, resulting in a 6% drop in prices. While Wintermute had been involved in a controversial token dump previously, the recent events were portrayed by Sonic as a routine business procedure. Sonic clarified that the tokens were sold by Wintermute to repay borrowed money, denying any improper behavior.

The split between Wintermute and Sonic came after Sonic's strong performance following the launch of its native token, achieving a TVL of $1 billion within 66 days and conducting a successful Binance airdrop. Wintermute's token sales had a significant impact on Sonic's price decrease, with Intel Scout linking the price movement to Wintermute's activities.

Sonic's Head of Strategy confirmed the end of the partnership with Wintermute and revealed ongoing discussions with other market makers for future collaborations. Despite Wintermute's past controversies, including accusations of market manipulation and a previous token dump impacting ACT, the recent separation with Sonic appeared to be handled without causing any major upheaval. Sonic explained Wintermute's token selling as a necessity to repay loans, while Wintermute has remained silent on the matter.