According to Mars Finance, on-chain analyst @ai_9684xtpa monitored a 76% flash crash in LISA within 24 hours. Three Alpha users (it's uncertain if they are the same person) sold $170,000 worth of LISA in three transactions within 28 seconds at 10:22 AM, causing a rapid price drop. Transaction 1: $39,540 worth of LISA sold at 10:22:28 AM; Transaction 2: $45,540 worth of LISA sold at 10:22:36 AM; Transaction 3: $85,668 worth of LISA sold at 10:22:36 AM. Because trading this token earns 4x Alpha trading volume rewards, the large sell-off by these users triggered panic selling by those trying to manipulate the price, further exacerbating the collapse.
LISA experienced a 76% flash crash in 24 hours, with selling by three Alpha users driving a rapid price drop in a short period.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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