Poly Hedera Network CEO: "Additional buybacks will be conducted"...ZKJ surges 100% compared to the previous day
Summary
- The CEO of Poly Hedera Network announced that additional buybacks will be conducted.
- Poly Hedera Network, which plunged the previous day due to liquidity issues and on-chain liquidity attacks, is now moving to address the situation.
- Currently, Poly Hedera Network is reported to be up 100% from the previous day, trading at $0.6177.
Poly Hedera Network (ZKJ), which jolted the market during the previous day, is now working to resolve the situation.
On the 17th (KST), the CEO of Poly Hedera Network announced on X (formerly Twitter), "We are monitoring the current situation to prevent future financial attacks," and added, "Additional buybacks will be executed."
The previous day, Poly Hedera Network experienced a sharp drop on Binance Alpha, alongside 48 ClubToken (KOGE), due to liquidity issues. The company shared on X, "There are five main reasons for the crash in prices," and explained, "Organized on-chain liquidity attacks, abnormal farming structure on Binance Alpha, and fund deposits by Wintermute to exchanges are among the causes."
Meanwhile, as of 9:18 a.m. today, Poly Hedera Network is trading at $0.6177 on CoinMarketCap, up 100% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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