SOON Team Denies Token Dumping Amid Price Volatility

The SOON team has addressed recent concerns regarding unusual price volatility in the market, emphasizing that the team has not engaged in any token dumping activities. The team's statement comes in response to market speculation and investor worries about the stability of the token's price. The SOON team has assured stakeholders that their focus remains on driving product development forward and enhancing the platform's capabilities.

In a message posted by SOON Co-Founder and CEO Joanna Zeng, it was revealed that the SOON community and project have recently faced abnormal token price fluctuations. The team's initial investigation suggests that this fluctuation was likely an organized manipulation behavior, targeting multiple assets, including SOON, with the intention to create panic and profit from it. The SOON team has emphasized that they have not sold any SOON tokens nor profited from this event, and that the project will not be terminated.

SOON Labs has stated that they will continue to advance ecosystem development and conduct a thorough investigation into the event. A detailed analysis report will be released to the community at a later date. The team's proactive communication and commitment to product development underscore their belief in the project's potential and their resolve to navigate market challenges effectively.

The SOON team's response aims to alleviate investor worries and reinforce confidence in the project's long-term vision and execution. By emphasizing their dedication to product development, the team seeks to reassure stakeholders that their focus remains on delivering value to users and advancing the platform's capabilities.