SERAPH encountered a dumping wave, the project party quickly repurchased to stabilize the market.

[Coin World] On July 16 (UTC+8), $SERAPH experienced a concentrated dumping from multiple external addresses on July 12, causing severe price Fluctuation across platforms in a short period. After the incident, the Seraph project party promptly organized resources for emergency intervention, quickly executing multiple rounds of Token buybacks on-chain in coordination with major trading platforms to curb the abnormal fall and stabilize market sentiment. Although this incident brought temporary impacts, it will not change the fundamentals of Seraph's long-term development. S3 season rewards and 30-day stake activity rewards will be distributed as originally planned. We sincerely apologize to users affected by this round of Fluctuation and thank all supporters for their patience and trust shown at this critical moment. Seraph will continue to actively maintain market order and safeguard the value constructed by the community through stronger on-chain risk control mechanisms and transparent communication.