Mike, the founder of GoPlus, has made a public statement about the unusual price fluctuations of the GPS Token after it was listed on Binance, and has apologized to the community. After Binance announced the listing, the GPS price increased from $0.1304 to $0.2015 in a short period of time, but then quickly dropped to $0.0642, causing significant losses for the holders. Mike acknowledged that due to lack of experience in market manipulation, GoPlus had entrusted the management of liquidity to two renowned market makers. However, the activities of one of them created greater selling pressure, leading to a further price decline.
Mike has committed to urging the market makers to buy back all the Tokens that have been sold and to plan to stabilize the market through strategic cooperation, product upgrades, and transparent communication. He also affirmed that the GoPlus team has never sold any GPS Tokens since its launch, and all the Tokens held by the team can be tracked on-chain. This content is for market information purposes only and does not constitute investment advice.
