finance
Esports Token Falls 92% After Large On-Chain Sale
A single wallet sold 197.8 million $ESPORTS tokens for roughly 20,401 BNB in four hours. The transaction represented 43% of the token's circulating supply and triggered an immediate 92% price drop.
May 25, 9:39 AM·1m read2 sources
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A large on-chain sale of the $ESPORTS token occurred over a four-hour window ending today. 65 million. The sale coincided with a 92% decline in the token's market price.
Blockchain data showed the transfers executed in multiple batches during the same period. Market observers recorded the price movement immediately following the final batch. No official statement from the project team has been issued in the available coverage.
Trading volume for the token increased sharply during the sale window. The price remained at the lower level through the end of the reporting period. No additional large transfers have been reported since the initial sale concluded.
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CorroborationModerate · 2 sources
