According to news from Coinworld, on July 16 (UTC+8), $SERAPH experienced concentrated selling from multiple external addresses on July 12, causing significant price fluctuations across platforms in a short period. After the incident, the Seraph project team quickly organized resources for emergency intervention, executing multiple rounds of token buybacks on-chain in coordination with major exchanges to curb the abnormal decline and stabilize market sentiment. Although this incident has brought temporary effects, it will not change the fundamentals of Seraph's long-term development. S3 season rewards and the 30-day staking activity rewards will be distributed as originally planned. We sincerely apologize to users affected by this round of fluctuations and thank all supporters for their patience and trust shown at this critical moment. Seraph will continue to actively maintain market order and protect the value built by the community through stronger on-chain risk control mechanisms and transparent communication.
