TechFlow, September 17 — According to Coinmarketcap data, JuCoin's platform token JU experienced a sharp decline early today. Data shows that JU began falling rapidly at 00:45 and hit a low of approximately $6 at 06:15, representing a nearly 75% drop over 24 hours. At the time of reporting, JU was trading at $11.95, with a daily decline of 49.83%.
In response to this price fluctuation, JuCoin issued an official statement saying, "Due to broader market conditions and external liquidity factors, the platform token has seen short-term significant price volatility. The operations and fund security of Ju.com remain unaffected, all business units are functioning normally, and user assets are secure. Fluctuations in the platform token's price, influenced by market sentiment, macroeconomic environment, and secondary market trading, fall within the normal range."
