📢 $GPS Buyback Update We're excited to share that we've executed our first batch of $GPS buybacks, accumulating approximately 34,906,177 $GPS tokens so far! The buyback process is ongoing, and all purchased tokens will be burned together once the buyback is complete. Buyback transaction record: https://t.co/IxebkwkK1b
Firstly, GoPlus has established a dedicated investigation team to conduct a comprehensive inquiry into the unusual price fluctuations. Binance have also provided with additional support to investigate the cause of the incident.
Firstly, GoPlus has established a dedicated investigation team to conduct a comprehensive inquiry into the unusual price fluctuations. Binance have also provided with additional support to investigate the cause of the incident.
During our investigation into the abnormal price fluctuations, the GoPlus team received chat screenshots from users. These screenshots revealed that members of other communities had leaked information about Binance listing $GPS in advance and used this to spread rumors accusing GoPlus and Binance of insider trading.
This is a rumor, and here’s why:
First, Binance did not inform the GoPlus team in advance about the $GPS listing on March 4. The team only learned about the listing after Binance’s official announcement and promptly transferred 5% of $GPS to Binance’s account. Everything happened very quickly, and it was only after the announcement that the team began coordinating efforts to support Binance’s operations.
Secondly, the individuals spreading the rumors are not affiliated with either the GoPlus or Binance teams. In response to the abnormal price fluctuations, Binance has been actively cooperating with the GoPlus team to address the issue. During the investigation, both teams identified the source of the rumor and confirmed that the individuals is not an internal employee of Binance or GoPlus and could not have had any access to advance listing information.
Lastly, our technical team is continuing to investigate the cause of the abnormal price fluctuations, organizing and analyzing the data. Meanwhile, the GoPlus team will stay connected with the GoFam. We remain fully dedicated to building and driving ecosystem growth with unwavering commitment. We’re confident that this challenge will only further demonstrate our strength and resolve. As the saying goes, "There's a rainbow always after the rain"