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SOON CEO responds to the recent coin price fluctuation: suspected organized manipulation, the team has not sold coins and will continue development.
According to Foresight News, Joanna Zeng, co-founder and CEO of SOON, responded to the recent fluctuations in SOON coin prices, stating, "The team’s preliminary investigation found that this fluctuation is suspected to be organized manipulation, targeting multiple assets, including SOON, with the intention of creating panic and profiting from it. The entities behind this attempt are still unknown, but two things must be stated: the team has not sold any SOON Token, nor have they profited from this incident; the project will not be terminated because of this, and product development will continue. SOON Labs will continue to conduct in-depth investigations into the incident and will later release a detailed analysis report to the community."