On July 17, Seraph officially announced the use of project reserve funds to repurchase no more than 5 million USDT of equivalent tokens from major exchanges and Pancake liquidity pools.
$SERAPH suffered a centralized sell-off of multiple external addresses on July 12, causing sharp fluctuations in cross-platform prices in a short period of time. After the incident, the Seraph project immediately organized resources to launch emergency intervention and quickly executed multiple rounds of token repurchases on the chain in synchronization with major exchanges to contain abnormal declines and stabilize market sentiment.
Although this incident has a phased impact, it will not change the fundamentals of Seraph's long-term development. S3 season rewards and 30-day pledge event rewards will be distributed as originally planned. We sincerely apologize to users affected by this round of fluctuations, and thank all supporters for their patience and trust at this critical moment.
Seraph will continue to actively maintain market order and safeguard the values built by the community through stronger on-chain risk control mechanisms and transparent communication.
Seraph announced the use of project reserve funds to buy back equivalent tokens up to 5 million USDT
2025-07-17 07:29:22
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
CRV突破1美元，24小时涨幅达26.48%Next article：
CRV broke through $1, gaining 26.48% in 24 hours.
