Odaily Planet Daily reports, according to on-chain analyst Yujin, multiple addresses associated with ESPORTS project teams have sold ESPORTS tokens on the BSC chain. Since 18:18, these addresses have sold 178 million ESPORTS tokens, exchanging them for 19,049 BNB, worth $12.76 million. This activity has caused ESPORTS to drop over 90% in the past two hours.
ESPORTS project addresses sell 178 million tokens, causing a 90% price drop in 2 hours
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Summary
The ESPORTS token price dropped over 90% within two hours after multiple project-related addresses sold 178 million tokens on the BSC chain. The sell-off converted to 19,049 BNB, worth $12.76 million. Price analysis indicates the massive sell-off triggered sharp volatility, and traders are closely monitoring the crypto’s price movement for further reactions.
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