📉JuCoin's platform token, JU, plummeted early this morning. The platform responded by citing "market conditions and external liquidity."
JuCoin @Jucom_ZH's platform token, $JU, plummeted at 00:45 this morning, reaching a low of $6 around 06:00, a 74.96% drop from its 24-hour high of 23.9656. Currently, JU is trading at $7.3435, a 24-hour drop of 69.19%. JuCoin issued a statement stating, "Due to market conditions and external liquidity, the platform token has experienced significant short-term price fluctuations. Our operations and fund security have not been impacted in any way. All business segments are operating normally, and user assets are secure. Fluctuations in the platform token's price are influenced by market sentiment, the macro environment, and secondary market trading, and are within normal limits."