TechFlow news: On July 12, $SERAPH experienced concentrated selling from multiple external addresses, causing sharp price fluctuations across platforms. Immediately after the event, the Seraph team mobilized resources for emergency intervention, swiftly conducting multiple rounds of token buybacks on-chain and in coordination with major exchanges to curb abnormal price declines and stabilize market sentiment.
Although this incident has caused temporary impact, it will not alter the fundamental outlook for Seraph's long-term development. S3 season rewards and 30-day staking campaign rewards will be distributed as originally scheduled. We sincerely apologize to users affected by this volatility and thank all supporters for their patience and trust during this critical time.
Seraph will continue to actively maintain market order and protect the value built by our community through enhanced on-chain risk controls and transparent communication.
