Founder of SSV Network recruited into Israeli army! Team continues to operate as usual, SSV briefly dips.

After the radical Palestinian organization Hamas attacked Israel last weekend, Israel unprecedentedly mobilized 300,000 people as a countermeasure. All citizens aged between 18 and 40, regardless of gender, who have ever served in the military are subject to conscription. Among them, founders of blockchain companies have also been called up for service.

SSV Network Founder Enlists in Israeli Military

During the current recruitment, Alon Muroch, the founder of the Ethereum staking application SSV Network, is also among the recruits. He confirmed this afternoon that he has enlisted and stated that the situation is much worse than described.

"The word massacre is the only thing that comes to mind, 90% are civilian families. We are changing the situation, this won't be brief, nor will it be pleasant," Alon Muroch said.

I got drafted, situation on the ground is significantly worse than described.
Massacre is the only word that comes to mind. 90% civilians (families)

We are turning the tables, it won’t be short nor pretty.

— Alon Muroch (@AmMuroch) October 11, 2023

SSV Price Plummets Briefly! Founder: Team Will Operate Normally

Following this revelation in the community, the price of the SSV token briefly plummeted by about 7%, but has since slightly recovered, with a 5% decrease in the past 24 hours.

To stabilize community sentiment, Matthias, the Global Business Development Lead of SSV Network, formerly on Twitter, stated that the team is still working and operating normally, and that this incident will only make the team more united.

谢谢大家。没事。我们整个团队还在做事和正常运营。ssv 是整个团队的心血，这事只让我们更团结。

Thank you everyone for the kind wishes! @ssv_network continue to buidl and bringing the best DVT network to the public. Not even the war can bring us down, this only brings us more united https://t.co/bclamlCm2g

— A. Matthias | matthiasang.lens 🦇🔊 (@MatthiasAng) October 11, 2023

Meanwhile, Alon also mentioned in Discord that the team will continue to operate as before, emphasizing that the team is strong, confident, and geographically dispersed.

Only Two Addresses Liquidated All SSV Tokens

According to data observed by Lookonchain, despite the price drop, the community has not lost all confidence in the future development of SSV Network.

Currently, only two addresses have possibly sold all SSV tokens, totaling 18,055 SSV tokens, approximately $257,000, transferred to Binance today.

Affected by the @ssv_network founder(@AmMuroch) being drafted, only 2 wallets sold their entire $SSV.

ikuvc.eth deposited 10,000 $SSV($142K) to #Binance.

And 0xF447 deposited 8,055 $SSV($115K) to #Binance.

Good luck to @AmMuroch!https://t.co/KcMsG9bgvd pic.twitter.com/lgWP3qIOtO

— Lookonchain (@lookonchain) October 11, 2023