PANews reported on January 8th that Andre Cronje (AC), co-founder of Sonic, announced the launch of his new project, Flying Tulip, on the X platform. Cronje emphasized that no fund transfers are currently involved, and all subsequent updates will be subject to official Flying Tulip announcements. According to previous public offering details disclosed by Flying Tulip, the public offering will be conducted in four rounds: Early Access, Supporter Whitelist, Intent Whitelist, and Open Public, with identical fundraising terms for each round.

Previously, it was reported that Flying Tulip completed a $200 million seed round of financing with a token valuation of $1 billion.