Dear MoonDog Community,
The crypto markets are currently experiencing a wave of extreme fear and volatility. Massive sell-offs across multiple assets have created a highly unstable environment, and unfortunately,
$MDOGAI has been directly impacted by this market-wide panic.
About an hour ago, we got alerts of sudden and aggressive sell-offs from large whale wallets, which rapidly drained a significant portion of the
$MDOGAI liquidity pool. These events posed a serious threat to the remaining resources and the future stability of the project.
Why We Took Emergency Action:
The speed and size of these sell-offs left the liquidity pool vulnerable to a complete collapse.
To prevent a total wipeout, we held an emergency meeting and made the difficult decision for MoonDog Treasury to initiate an emergency extraction of the remaining liquidity.
This decisive move was made to salvage as much as possible and protect community funds from being entirely lost in the chaos and extreme fear.
What This Means for the Community:
Our immediate focus is to secure the remaining funds to ensure that the project has a chance to recover when market conditions stabilize.
This action was taken to provide the best possible opportunity for both the community and the project to regroup and rebuild in the future.
We are evaluating all possible paths forward and will share updates as soon as we have a clear strategy to move ahead.
Our Commitment Moving Forward:
We're very sorry, we fully understand how concerning this situation is for everyone involved. Every step we’re taking is aimed at protecting community funds and preserving the foundation necessary for the project’s future recovery.
While the markets remain unstable, we’ll continue to monitor conditions closely and explore every option available to ensure that the MoonDog project has the best chance to move forward successfully.
Thank you for standing by us during this difficult time - we will share more updates as soon as possible.
We'll do a live call today, please wait further details.
Team MoonDog