On March 7, GoPlus founder Mike issued a public statement on the abnormal price fluctuations of GPS tokens after Binance was launched and apologized to the community. Mike revealed that GPS soared from $0.1304 to $0.2015 in a short time after Binance announced its launch, but then the price quickly fell to $0.0642, causing significant losses to holders. Mike said that due to GoPlus' lack of market manipulation experience, the company commissioned two well-known market makers (MMs) to manage liquidity, but one of the operations triggered greater selling pressure, causing further price declines. He promised to push market makers to buy back all sold tokens and plans to stabilize the market through strategic cooperation, product upgrades and transparent communication. He also stressed that the GoPlus team has never sold any GPS tokens since its first launch, and all tokens held by the team can be tracked on-chain.