GoPlus founder: Will push market makers to buy back all tokens sold, team has never sold GPS
2025-03-07 07:38:25
On March 7th, GoPlus founder Mike issued a public statement on the abnormal price fluctuations of GPS tokens after Binance went live, and apologized to the community. Mike revealed that GPS soared from $0.1304 to $0.2015 within a short time after Binance announced its launch, but then the price quickly fell to $0.0642, causing significant losses to holders. Mike said that due to GoPlus's lack of market manipulation experience, the company entrusted two well-known market makers (MM) to manage liquidity, but the operation of one of them triggered greater selling pressure, which led to further price declines. He promised to push market makers to buy back all the tokens sold, and plans to stabilize the market through strategic cooperation, product upgrades and transparent communication. He also stressed that the GoPlus team has never sold any GPS tokens since it first went live, and all the tokens held by the team can be tracked on the chain.
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