🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The SOON community released a proposal for "token burning and repurchase plan in response to potential market manipulation," with a support rate of 100%.
ChainCatcher news, the SOON community has released a proposal for "token burning and repurchase plan in response to potential market manipulation". Currently, the proposal support rate is 100%. The proposal includes that on July 5, SOON Token faced an organized market manipulation attack, with the price falling from $0.22 to $0.13, a decrease of 41%. The attackers withdrew 22 million Tokens from the exchange and manipulated the market using derivation. To this end, the SOON Foundation proposes to burn 30 million Tokens (accounting for 3% of the total supply): among them, 7.7 million Tokens will be immediately burned from unclaimed airdrops, and the remaining 22.3 million Tokens will be burned through buybacks. This move aims to reduce the circulating supply, restore market confidence, and combat manipulation.