The SOON community released a proposal for "Token Burn and Buyback Plan in Response to Previous Potential Market Manipulation," with a support rate of 100%

ChainCatcher news, the SOON community has released a proposal for "Token Burn and Buyback Plan in Response to Previous Potential Market Manipulation," with the current proposal support rate at 100%. The proposal includes the organized market manipulation attack on SOON tokens on July 5, where the price plummeted from $0.22 to $0.13, a decrease of 41%. The attackers withdrew 22 million tokens from the exchange and manipulated the market using derivatives.

To address this, the SOON Foundation proposes to burn 30 million tokens (3% of the total supply): 7.7 million tokens will be immediately burned from unclaimed airdrops, and the remaining 22.3 million tokens will be burned through buybacks. This move aims to reduce the circulating supply, restore market confidence, and combat manipulation.