SOON Team Responds to Unusual Price Volatility: No Token Dumping, Will Continue to Drive Product Development

By: theblockbeats.news|2025/07/08 11:52:34

BlockBeats News, July 8th, SOON Co-Founder and CEO Joanna Zeng posted a message stating that recently, the SOON community and project have faced abnormal token price fluctuations. The SOON team's initial investigation found that this fluctuation was suspected to be an organized manipulation behavior, targeting multiple assets, including SOON, with the intention to create panic and profit from it.

SOON Officially Emphasizes: 1. The team has not sold any SOON tokens nor profited from this event; 2. The project will not be terminated, and product development will continue.

SOON Labs stated that they will continue to advance ecosystem development, conduct a thorough investigation into the event, and will later release a detailed analysis report to the community.

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