PANews reported on April 15th that, according to on-chain analyst Yu Jin, suspected ARIA manipulators sold 45.64 million ARIA tokens in the early hours of the morning, exchanging them for 5.42 million USDT. The price of ARIA plummeted from $1.01 to $0.09, a drop of 91%, and the circulating market capitalization decreased from $315 million to $38.5 million. These 45.64 million ARIA tokens were withdrawn from Gate.io three weeks ago through eight wallets, during the early stages of ARIA's price increase. This morning, these eight wallets collectively sold off all 45.64 million ARIA tokens, exchanging them for 5.42 million USDT, at an average selling price of $0.12.
ARIA tokens appear to have been dumped by market manipulators, with the price plummeting by 91% and market value wiping out nearly 90%.
PANewsShare
Summary
PANews reported on April 15th that, according to on-chain analyst Yu Jin, suspected ARIA manipulators sold 45.64 million ARIA tokens in the early hours of the morning, exchanging them for 5.42 million USDT. The price of ARIA plummeted from $1.01 to $0.09, a drop of 91%, and the circulating market capitalization decreased from $315 million to $38.5 million. These 45.64 million ARIA tokens were withdrawn from Gate.io three weeks ago through eight wallets, during the early stages of ARIA's price increase. This morning, these eight wallets collectively sold off all 45.64 million ARIA tokens, exchanging them for 5.42 million USDT, at an average selling price of $0.12.
Source:KuCoin News
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