SOON CEO Addresses Recent Price Volatility, Alleges Market Manipulation

Joanna Zeng, co-founder and CEO of the cryptocurrency project SOON, has issued a statement concerning the recent price fluctuations of SOON tokens. Zeng suggested that preliminary investigations indicate these sudden price movements may be part of a coordinated market manipulation effort, targeting not just SOON but a broader range of crypto assets. The alleged manipulation appears designed to instill fear among investors for profit. Displaying a chart of SOON's price surge, Zeng countered the attack with a firm stance: 'The SOON team has not sold any SOON tokens nor profited from these price changes. This is not the end for SOON. We remain committed to our development roadmap as planned.' Zeng highlighted the project's achievements to date, including InterSOON's $200 million transaction volume, SOON Stack's operation across multiple mainnets, and the Simpforfun platform's $60 million volume. Asserting SOON Labs' significant industry contributions despite smaller budgets, Zeng vowed to resist short-term temptations and stand firm against manipulative tactics. This content is not intended as investment advice.