On July 5, 2025, the altcoin SOON experienced a sudden 41% drop. This drop hit the cryptocurrency market like a bombshell, and the team behind the project published a detailed analysis report.
The report stated that the incident was a coordinated market manipulation and that official market makers and foundation wallets had nothing to do with the attack.
As the SOON team continues to work on the decline, the team announced its recovery plan following the sharp price drop.
Accordingly, the team announced a four-point recovery plan to restore market confidence following the decline, reduce supply pressure, and support the long-term growth of the SOON ecosystem.
1. Token Burn Plan – 3% of Total Supply
Accordingly, the team first stated that they will permanently remove 30,000,000 SOON tokens from circulation, equivalent to 3% of the total supply.
“This move is designed to directly reduce available supply and support price stability in the face of recent market volatility.”
2. SOON Buyback Product on Chain
The team stated that they have created a new on-chain product that will allow the SOON Foundation to periodically repurchase tokens directly from holders.
3. Launch of SOON Governance
The team stated that they are preparing to launch the SOON Management System as a third measure.
“This system will enable token holders to participate in key decisions that shape the future of the SOON ecosystem, from treasury allocations to protocol upgrades and ecosystem grants.”
4. Community AMA Next Wednesday
The team added that to increase transparency and engagement with the community, they will be hosting a Twitter AMA next Wednesday featuring our founder, Joanna, and our Marketing Manager, Henry.
$SOON Recovery Plan
In response to the recent price manipulation incident, the SOON Foundation is launching a new governance proposal, covering a series of immediate actions aimed at restoring market confidence, reducing supply pressure, and reaffirming our commitment to the… pic.twitter.com/aLfXntK0Lu
— SOON Foundation (@SOON_FDN) July 11, 2025
*This is not investment advice.
