Web3 game "Seraph" Token flash crash 60%! The official urgently announces buyback $SERAPH

The blockchain game "Seraph" token experienced a flash crash on July 12, with the team implementing a buyback mechanism and publicly disclosing on-chain and CEX flows, setting a new transparent standard for Web3 crisis management. (Background: SERAPH: An In-Depth Analysis of the Dark-themed Loot Blockchain Game) (Additional Background: The dark-themed action RPG blockchain game "SERAPH" is set to launch its third NFT, the "Hero Series" PFP) The AAA blockchain action game "Seraph: In the Darkness" token $SERAPH saw a sharp price drop around 4 AM today, plummeting from the $0.2 level to $0.089. Today, the official team has initiated simultaneous buybacks on-chain and at CEX, aiming to stabilize player confidence. Before the press deadline, the price returned to $0.12. Price Flash Crash and Official Buyback After the abnormal volatility occurred in the early morning, the "Seraph" team stated that they have activated their emergency mechanism, locking onto suspicious transactions via on-chain monitoring, while also conducting spot buybacks through a dedicated address to alleviate selling pressure. A screenshot of the official announcement shows that the buyback fund address 0xcd4f680673306960edf1ff3de442121411c9055c continues to accumulate tokens, which are then consolidated and transferred to 0x00b18489cbbE7dA1cb20716fC1211348a6133eCb, while also cooperating with over-the-counter buybacks from centralized exchanges to establish a dual price defense line. Dear Seraph community, Earlier today, $SERAPH experienced a brief period of abnormal price volatility. Our on-chain monitoring and investigation mechanisms were immediately activated, and a full review is currently underway. To protect user interests, we’ve promptly initiated… pic.twitter.com/v7AmkrhXjd — Seraph Foundation (@Seraph_Fdn) July 12, 2025 Follow-up on Buyback Many Web3 projects choose to privately stabilize the market, while "Seraph" has taken the opposite approach, publicly disclosing all buyback addresses and transaction dynamics. In fact, the official buyback is part of "Seraph"'s long-term stabilization strategy. The game is based on the BNB Chain, integrating mechanisms such as mercenary seasons, competitive rankings, and a $SERAPH reward pool of 5 million tokens, guiding players to participate in the economic cycle through NFT assets. The official stated they will continue to monitor prices and actively intervene when necessary, along with in-game incentives to reduce short-term impacts. Related Reports The Evolution of Token Economic Models, Buybacks Resurrect After Airdrop Failures MicroStrategy's Michael Saylor: Apple Should Invest in BTC, It Would Stimulate Stock Prices More Than Buying Back Apple Shares "Web3 Game 'Seraph' Token Crashes 60%! Officials Announce Emergency Buyback of $SERAPH" This article was first published in BlockTempo, the most influential blockchain news media.