Infinex founder Kain Warwick announced on the X platform that the fully diluted valuation (FDV) for the Sonar sale has been reduced from $300 million to $99.99 million. This decision comes in response to market feedback indicating the initial valuation was too high given current market conditions. The revised sale aims to raise $5 million. Warwick acknowledged that this adjustment means the original allocation for Patron holders cannot be guaranteed. However, the sale will proceed using a random number generator (RNG) distribution mechanism, with some benefits still provided to existing Patron holders.