Foresight News reports that SOON co-founder and CEO Joanna Zeng responded to the recent fluctuations in SOON's price by stating, "The team’s preliminary investigation found that this fluctuation appears to be the result of organized manipulation, targeting multiple assets, including SOON, with the intent to create panic and profit from it. The entities behind this attempt remain unknown, but two things must be stated: the team has not sold any SOON tokens, nor has it profited from this incident; the project will not be terminated as a result, and product development will continue. SOON Labs will carry out an in-depth investigation into the incident and will subsequently release a detailed analysis report to the community."