SOON CEO Joanna Zeng has commented on recent price fluctuations of the cryptocurrency, alleging potential market manipulations.
Reasons for SOON Price Fluctuations
Zeng stated that initial findings suggest the sudden price movements could be an attempt at organized market manipulation targeting not only SOON but also many other crypto assets.
SOON Project Developments
Zeng noted that the project has achieved significant milestones, such as:
* InterSOON, which reached a transaction volume of 200 million dollars. * SOON Stack, active on more than three mainnets. * Simpforfun platform with a volume of $60 million.
Response to Manipulation
Zeng asserted that the SOON team did not sell any SOON tokens and did not gain any profit from price fluctuations. She stated:
> "The SOON team did not sell any SOON tokens and did not gain any profit from this price fluctuation. This is not the end of SOON. We will continue to develop as always."
Additionally, Zeng emphasized that SOON Labs has made greater contributions than larger budget projects and will not back down against manipulations.
Joanna Zeng emphasizes the commitment of the SOON team to continued development in the face of market manipulation attempts.
