Update: LISA Project Sends 10 Million Tokens to an exchange Wallet, Causing Coin Price Crash
BlockBeats News, January 12, according to on-chain analyst Ai Auntie (@ai_9684xtpa), 3 hours ago, address 0x358…eC57c recharged 10 million LISA to an exchange wallet (i.e. Alpha wallet), worth 1.65 million US dollars at the time. Tracing back the source of the funds, it was found that the address originated from the project team's SafeProxy address. Half an hour after the recharge, the coin price experienced a flash crash, possibly indicating a sell-off through limit orders.
Therefore, the direct cause of the LISA collapse may be this token recharge.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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