ESPORTS Token Crashes 90% After $33M Insider Unlock
The ESPORTS token (ESPORTS) experienced a rapid and severe crash, plummeting over 90% in value. This significant drop is attributed to insiders allegedly unlocking and distributing an estimated $33 million worth of tokens. On-chain data reportedly captured a major wallet, tied to a Gnosis Safe multisig, initiating this massive market distribution.
Detected & updated continuously · Source: Ruma
Mentioned
Yooldo Games (esports)
@safeSources
@Cryptosuiyue
刚刷广场，看到一位博主在 $ESPORTS 暴跌前一小时，0.591开多，结果随后不到一小时，ESPORTS 就毫无征兆地直接暴跌超 90%，几乎瞬间归零，看到这条帖子真的有点替他惋惜。 更为恶心的是项目方前期还诱多拉了一波，而这位博主结果正好卡在最高点重仓冲进去，多单直接被打爆，损失非常惨重。 https://t.co/XG1sEn2CGV
@OleksandrKryv
Massive market distribution underway. $ESPORTS insiders just unlocked and started unloading what looks like a $33M position. On-chain data caught a major wallet tied to a Gnosis Safe multisig (likely project/VC related) unlocking over 60M ESPORTS tokens around 2 months ago. https://t.co/Aix4sDJNlV