SOON responds to abnormal price fluctuations: No tokens have been sold, product development will continue
Odaily News Joanna Zeng, co-founder and CEO of SOON, posted on the X platform that the SOON community and project have recently faced abnormal price fluctuations in tokens. The SOON teams preliminary investigation found that the fluctuations were suspected to be organized manipulation, targeting multiple assets, including SOON, with the intention of creating panic and profiting from it. SOON officials emphasized that the team did not sell any SOON tokens and did not profit from this incident; the project will not be terminated and product development will continue. SOON Labs said that it will continue to promote ecological construction and conduct an in-depth investigation of the incident, and will release a detailed analysis report to the community later.
You may also like

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

