On July 16, $SERAPH experienced concentrated selling from multiple external addresses on July 12, causing significant cross-platform price volatility in a short period. After the incident, the Seraph project team immediately organized resources for emergency intervention, quickly executing multiple token buybacks on-chain and across major trading platforms to curb abnormal decline and stabilize market sentiment.
Although this event has brought temporary impact, it will not change Seraph's long-term fundamental development. S3 season rewards and 30-day staking activity rewards will be distributed as originally planned. We sincerely apologize to users affected by this round of volatility and thank all supporters for their patience and trust during this critical moment.
Seraph will continue to actively maintain market order and protect the value co-constructed by the community through stronger on-chain risk control mechanisms and transparent communication.
