๐ฆ๐๐ฅ๐๐ฃ๐ ๐ง๐ผ๐ธ๐ฒ๐ป ๐ง๐ผ๐บ๐ฏ๐น๐ฒ๐ ๐ฒ๐ฌ% โ ๐ง๐ฒ๐ฎ๐บ ๐๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ ๐๐บ๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ ๐๐๐๐ฏ๐ฎ๐ฐ๐ธ ๐ง๐ผ ๐ฆ๐๐ฒ๐บ ๐ฃ๐ฎ๐ป๐ถ๐ฐ
โ The Web3 action RPG Seraph: In the Darkness saw its token seraph plummet from $0.20 to $0.089 early on July 12 โ a brutal 60% drop that rattled holders.
๐ How the team responded:
Activated emergency on-chain monitoring
Locked suspicious wallets linked to heavy sell pressure
Launched synchronized buybacks on-chain and via CEX OTC desks
Published live fund flows for transparency โ a rare move in Web3 crisis management
The teamโs buyback wallet (0xcd4fโฆ9055c) is actively absorbing tokens, later consolidating into (0x00b1โฆ3eCb), aiming to stabilize the price. By press time, seraph had partially recovered to around $0.12.
๐ก๏ธ Why this matters: Seraph is about to launch its third NFT โHero Seriesโ PFP, and its game economy is built on the BNB Chain with seasonal mercenary rewards and a 5 million $SERAPH prize pool. The token crash threatened this model, so the public buyback aims to restore trust.
๐ข Official statement:
โEarlier today, $SERAPH experienced a brief period of abnormal price volatilityโฆ Weโve promptly initiated buybacks and continue to monitor the market to protect user interests.โ
๐ก Bottom line:
Instead of quietly stabilizing the price behind the scenes, Seraph chose full transparency โ showing addresses, transaction data, and a clear plan. Itโs a bold bet to keep community confidence alive as the team prepares new NFTs and in-game incentives.
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