The Altcoin Team Announces the Expected Rescue Plan After Its Price Crashed!
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 11 2025Market Manipulation Incident: On July 5, 2025, the altcoin SOON faced a significant 41% price drop due to coordinated market manipulation, prompting the team to clarify that official market makers were not involved and to announce a recovery plan.
Recovery Plan Details: The SOON team outlined a four-point recovery strategy including a token burn of 3% of total supply, an on-chain buyback product, the launch of a governance system for community participation, and a Twitter AMA to enhance transparency.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
