$SERAPH experienced a concentrated dumping on July 12, leading to severe price Fluctuation. The project party quickly took buyback measures to stabilize the market, emphasizing that the event would not affect long-term development, rewards would be distributed normally, and they apologized to users.

Gate News bot message, Gate market shows that since the launch of Alpha, SERAPH has risen by 50.52%, current price 0.1609 USDT.

Gate News bot, Seraph posted on X that the community's vote on the burning of SERAPH tokens has ended. The SERAPH/USDT liquidity pool has accumulated more than $1.7 billion in trading volume to date. As per the community's decision, the team has burned more than 24,000 SERAPH fees and is considering setting up a monthly routine burn.

The 3A Blockchain action game Seraph experienced a brief abnormal price fluctuation on July 12. An investigation into the cause is currently underway, and a buyback operation has been initiated to protect user rights, with the relevant fund addresses being open and transparent. At the same time, Seraph will continue to monitor the market and implement measures to stabilize the situation.