According to ChainCatcher, as monitored by @ai_9684xtpa, three events were the main reasons for the B token's sharp decline: Adam's liquidation set the downward tone, smart money selling caused a short-term price drop, and media spread further caused panic, resulting in "B's 24-hour decline reaching 40%".
First, CEHV venture capital partner Adam Cochran announced purchasing 10.2 million B tokens at an average cost of $0.2833, spending a total of $2.89 million within 13 hours of WLFI. However, starting from yesterday morning, he sold in three stages, with an average selling price of $0.2485, incurring a cumulative loss of approximately $355,000. The token price dropped from $0.2664 to $0.2255, a decline of 15%. Second, the "0x26a" smart money, mistakenly reported as a WLFI-related address, bought 3.32 million B tokens at a cost of $0.08492 one hour after WLFI, and then sold out between 19:02 and 19:12 yesterday, with an average selling price of $0.1838, gaining about $328,000 and causing a short-term price drop of 12.11% (from $0.2129 to $0.1871). Finally, media reported the smart money sell-off at 19:05:40, causing the price to further decline to its lowest point of $0.1461 at 19:07:15.
