Songshu responds to Swarm's accusations: The peak holdings were worth $30 million and had never been sold. The team demanded a 10% platform fee but was unsuccessful, so they launched the attack.

Swarms Foundation member Songshu (@imsongshu) responded to Swarms' accusations in a statement, stating that his Swarms token holdings, valued at $30 million at their peak, had been transferred to the foundation and never sold. The attack stemmed from the team's unsuccessful demand for SSI's 10% platform fee. Previously, Swarms had issued a statement accusing SongShu of defrauding investors and attempting to manipulate the Swarms market.