Update: LISA project transferred 10 million tokens to a certain exchange wallet, causing the token price to plummet

BlockBeats News, January 12, according to on-chain analyst Ai Aunt (@ai_9684xtpa), three hours ago, address 0x358…eC57c deposited 10 million LISA tokens, worth $1.65 million at the time, into an exchange wallet (the Alpha wallet). Tracing the source of funds, it was found that the origin of this address was the project's SafeProxy address. Half an hour after the deposit, the token price crashed, possibly due to a sell-off via limit orders.

Therefore, the direct cause of the LISA crash may be this token deposit.