Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

Joanna Zeng, co-founder and CEO of cryptocurrency project $SOON, made statements regarding the $SOON price fluctuations in recent days.

Zeng stated that according to initial findings, the sudden price movements could be an organized market manipulation attempt targeting not only $SOON but also many crypto assets. He argued that this manipulation was aimed at creating panic among investors and profiting from it.

Chart showing the rise in $SOON price.

Joanna Zeng said the following against this attack:

“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.”

Zeng claimed that the project has made significant strides to date and shared the following developments:

• InterSOON, which reached a transaction volume of 200 million dollars,
• $SOON Stack, which is active on more than three mainnets,
• Simpforfun platform with a volume of $60 million.

Zeng also claimed that $SOON Labs has made more contributions than larger budget projects in the industry, and said that they will not abandon the project for the sake of short-term gains and will not back down against manipulations.

*This is not investment advice.