The SOON community released a proposal for "Token Destruction and Repurchase Plan for Previous Potential Market Manipulation" with a support rating of 100%
On July 17, the SOON community released a proposal for a "Token Destruction and Repurchase Plan for Potential Market Manipulation", and the current support rate for the proposal is 100%. The proposal included that the SOON token suffered an organized market manipulation attack on July 5, and the price plummeted from US$0.22 to US$0.13, a drop of 41%. The attackers extracted 22 million tokens from the exchange and used the derivatives market to manipulate them. To this end, the SOON Foundation proposed the destruction of 30 million coins (3% of the total supply): of which 7.7 million coins were immediately destroyed from unclaimed airdrops, and the remaining 22.3 million coins were destroyed through repurchase. The move aims to reduce circulating supply, restore market confidence and combat manipulation.
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