Dear Nexus Community Members,
In response to the significant price volatility of the ASC token over the past 24 hours, the platform immediately conducted a comprehensive investigation and coordinated with various parties. We would like to clarify the situation as follows:
I. Explanation of the Recent Price Volatility
On December 17, 2025 (UTC-0), the market price of ASC dropped briefly from 0.55 USDT to a low of 0.10 USDT, before recovering to around 0.16 USDT. Based on platform monitoring and community feedback, this volatility did not stem from changes in the project's fundamentals. Instead, it was caused by specific capital forces executing concentrated attacks on ASC in the secondary and contract markets. This led to a temporary liquidity squeeze and the liquidation of long positions, triggering irrational panic.
We reiterate: The underlying value of ASC has not suffered any adverse changes and continues to improve. The relevant liquidity risks have been identified by the community and are being actively addressed. The platform is also engaging with multiple channels to evaluate appropriate response and support measures.
II. Positive Progress in Platform and Ecosystem Development
Despite the short-term market volatility, Nexus and the ASC project are making steady progress in ecosystem construction and have achieved several positive results:
Rapid User Growth: Registration numbers have surged in the past week, significantly increasing system load. We have completed capacity upgrades and data restoration to ensure stable operations moving forward.
First Round of ASC Burn Completed: Yesterday, the platform completed the first official burn of ASC, marking substantial progress as the project enters a deflationary phase. We will continue to drive the pace and scale of future burns.
III. Reiteration of Current Market Status
We understand the anxiety some community members may feel regarding short-term price fluctuations, but we must clearly state the following:
ASC's fundamentals remain robust and positive, with smooth progress in community and platform development.
The staking product system is becoming increasingly diverse; each product type has an independent revenue model and does not directly impact others.
The platform strategy is advancing steadily. More high-quality partner projects will be launched successively, continuously injecting new momentum into the ecosystem.
We encourage community users to view short-term market fluctuations rationally and maintain confidence in the project's long-term value. Thank you for your understanding, patience, and support. We will continue to uphold an open, transparent, and responsible attitude, working with the community to build a more robust and orderly ecosystem.
If you have further suggestions regarding ASC's current mechanisms or future arrangements, please feel free to provide feedback through our community and official channels.
Thank you for your attention and support!
The Nexus Team
December 18, 2025