SOON Foundation Launches Recovery Plan to Address "Price Manipulation Incident"

The $SOON Foundation announced a comprehensive recovery plan on X in response to the recent "price manipulation incident." The plan includes: Burning 3% of the total supply: 30,000,000 $SOON tokens will be permanently burned, of which approximately 7,700,000 are from unclaimed airdrops, and the remaining 22,300,000 will be repurchased from exchanges and then burned; Community AMA: A Twitter Q&A will be held next Wednesday, where founder Joanna and Head of Marketing Henry will explain the recovery plan in detail; On-chain repurchase mechanism: An on-chain product is being developed to allow the foundation to regularly repurchase tokens from holders; Launching a governance system: The $SOON governance system will be launched to enable token holders to participate in key ecosystem decisions. [Foresight News]