48Club denies manipulating KOGE's plunge, announces new round of trading reward plan

Ian, the head of 48Club, issued a statement at Binance Square early this morning stating that the sharp drop in KOGE prices is not related to 48Club or himself, and he does not hold ZKJ, denying any trading behavior. He pointed out that there are obvious loopholes in the calculation method of trading volume for Alpha assets, which may be a trigger for the decline. To stabilize market sentiment, 48Club will launch the second KOGE Trading Grand Prix on June 16th, lasting for one week, with a total prize pool of 57996.7872 USDT.