ESPORTS Token Crashes 92% Amid Suspected Team Sell-Off
The ESPORTS token experienced a dramatic price crash of over 90% today, with its value plummeting from approximately $0.72 to $0.09. This sharp decline, reportedly a 92% drop, is attributed to a massive sell-off by a suspected team or insider. Approximately 197.8 million ESPORTS tokens, representing 43% of the circulating supply, were liquidated for over $13.6 million, with the project team reportedly selling 60 million tokens from affiliated wallets for over $6 million in profit.
Detected & updated continuously Ā· Source: Ruma
Mentioned
Yooldo Games (esports)Sources
@CryptoA40672341
$esports down 92% in just 10 minutes. Crazy https://t.co/VryS8suse8
@CryptoA40672341
What the hell is this ? Pure insanity. $esports dumped from $.72 to $.09!!! https://t.co/STqbCkFbFd
@wiseadvicesumit
$ESPORTS just nuked 85% š Onchain warning signs reportedly showed up days earlier: ā¢ Team/VC wallets started moving size ā¢ Funds split into fresh wallets ā¢ Tokens slowly sent to exchanges ā¢ ~$23M reportedly hit KuCoin before the dump Smart money watches wallets first š https://t.co/bmbbHXEuDu
@lookonchain
Did $ESPORTS rug? Over the past 4 hours, someone sold 197.8M $ESPORTS on-chain ā 43% of the circulating supply ā for 20,401 $BNB($13.65M). This caused $ESPORTS to crash 92%! https://t.co/Ku0BH6MiJo https://t.co/8lYjpUIFyZ
@DUKETHAGREAT
$Esports just nuked over 85%. where did all that liquidity go?
@CryptoBull_360
The ESPORTS project team sold all 60 million distinctive tokens held in their affiliated wallets, achieving profits exceeding 6 million dollars. The distinctive token price dropped by nearly 90%. $ESPORTS #ESPORTS https://t.co/9rvFY60itv