SOON single day big dump of 40%! The shadow founder behind it has surfaced, suspected to be a habitual entrepreneur.

SOON is a Layer 2 development tool that brings the Solana Virtual Machine to various public chains, launching public chains like svmBNB, svmETH, and svmBase. Recently, the price of SOON fell big dump by 40% in a single day, bringing the team's scandal back into the public eye. KOL Mosi previously accused SOON's founder and CEO Joanna Zeng of being just a puppet, claiming that the true shadow founders are Victor and Kenny, the founders of Manta, whose price dropped by 95%.

KOL accuses the Manta team of being serial entrepreneurs.

KOL Mosi has accused Manta founders Victor and Kenny of being the shadow founders of SOON. The implication is that Victor and Kenny are the continuous token founders, launching multiple infrastructure tokens and withdrawing liquidity. An anthropologist added: SOON has four public chains, and Victor and the Manta team are the controlling individuals behind it. The reason SOON chose eigenDA is that Eigen provided millions of dollars in funding.

The anthropologist further pointed out that Joanna Zeng, the founder and CEO of SOON, is merely a puppet, brought out based on "female empowerment," and has no real power. Victor and Kenny are also facing legal issues due to Manta being accused of money laundering in South Korea, and many agreements on SOON have been "persuaded" to quickly launch the token (, even though no one knows what the SOOM mainnet actually refers to, whether it is svmETH, svmBNB, or svmBase).

Will SOON replicate Manta's 95% fall trend?

Mosi accused Vicotr of trying to issue tokens at a very high price using a strategy similar to Manta, and exiting liquidity through methods such as OTC. The only purpose of the tokens is to make HackVC, web3port, and the co-founders richer. He said that Manta investors are merely speculators who drive up prices for selling, such as HackVC and the notorious Web3port.

Mosi mentioned that SOON deceived some people from Solana, and it can be found on Rootdata that the chairman of the Solana Foundation, Lily Liu, has invested in SOON. He also mentioned the KOL circle of SOON, but only AB Kuai Dong was disclosed on Rootdata.

At the end of March, Victor admitted to participating in SOON, but Kenny did not invest in SOON, and Kenny himself stated that he has no connection with SOON. The relationship between SOON and Manta was re-examined because SOON fell 40% in a single day on July 5. In response, Victor said it's easy to throw up a K-line screenshot, but creating meaningful products is not easy, and he prefers the harder methods. However, someone posted chat records, implying that Victor is also a speculator who acts based on price.

As a reference, Manta's all-time high was 4 dollars, currently at 0.18, with a fall of 95%.

This article SOON experienced a big dump of 40% in a single day! The shadow founder behind it has surfaced, suspected to be a repeat offender in entrepreneurship, first appeared in Chain News ABMedia.