Seraph Initiates Emergency Buyback to Stabilize SERAPH Token After Price Fluctuation

The 3A blockchain game Seraph has taken immediate action to address recent price fluctuations in its native token, SERAPH. In an announcement made today, the game's official team revealed that SERAPH experienced a short-term abnormal price fluctuation in the early morning hours. The team has since initiated on-chain monitoring and investigation mechanisms to determine the cause of the fluctuation, which is still under investigation.

To protect user rights and stabilize the market, Seraph has launched an emergency buyback operation. The related fund address for this buyback is publicly transparent, allowing users to monitor the process in real-time. The buyback address is 0xcd4f680673306960edf1ff3de442121411c9055c. Additionally, the official team stated that buybacks through centralized exchange (CEX) channels are also being carried out simultaneously. Once completed, the overall progress and data will be announced together. All buyback chips will be uniformly transferred to the following address for the community to verify at any time: 0x00b18489cbbE7dA1cb20716fC1211348a6133eCb.

Seraph's proactive measures demonstrate a commitment to transparency and community confidence. By publicly disclosing the buyback address and consolidating all buyback chips into a single address, the team aims to provide users with full visibility into the process. This move is expected to help stabilize the market and reassure users that their interests are being protected. Seraph will continue to closely monitor the market situation and actively take stabilization measures to safeguard community confidence.