PANews June 16 news, 48Club head Ian issued a statement in Binance Square early this morning, saying that the KOGE price plunge has nothing to do with 48Club and himself, and he does not hold ZKJ, and denies any manipulation. He pointed out that there are obvious loopholes in the calculation method of Alpha Assets for trading volume, which may be the cause of the decline. In order to stabilize market sentiment, 48Club will launch the second KOGE Trading Grand Prix on June 16, which will last for one week, with a total prize pool of 57996.7872 USDT.