LISA experienced a rapid 76% drop in 24 hours after three sell transactions totaling $170,000 occurred within 28 seconds, causing the price to plummet in a very short period.
According to on-chain analyst @ai_9684xtpa, the Dump occurred at 17:22 (Vietnam time), involving 3 Alpha users (it is unclear if they were the same person), triggering a wave of panic selling.
- LISA flash crash 76% in 24 hours.
- Three sell orders totaling $170,000 were placed within 28 seconds at 17:22 (Vietnam time).
- The 4x volume reward mechanism is believed to fuel sell-offs.
A chain of sell-offs caused a price crash.
Three LISA sell transactions, totaling $170,000, were executed within 28 seconds at 5:22 PM (Vietnam time), causing the price to plummet rapidly.
on-chain analyst @ai_9684xtpa stated that three Alpha users were involved (it's not certain they were the same person). The recorded orders were concentrated in a very short time frame, causing a strong market reaction and an immediate price drop.
The transaction data is as follows:
| Transaction | Time (Vietnam time) | Selling price |
|---|---|---|
| Signature 1 | 17:22:28 | $39,540 |
| Transaction 2 | 17:22:36 | 45,540 USD |
| Transaction 3 | 17:22:36 | 85,668 USD |
Why can a downward trend be amplified?
LISA trading is said to receive Alpha x4 volume rewards, making volatility easily amplified during large sell Dump .
According to the description, this reward mechanism attracts many users who engage in market manipulation. When large investors sell aggressively, this group tends to panic and sell along to reduce risk, causing prices to continue to plummet.
As a result, LISA recorded a 76% flash crash within 24 hours, with the direct trigger being a massive cluster of sell orders within a few dozen seconds.
