According to Foresight News , on-chain analyst @ai9684xtpa monitored that the price of Binance Alpha's LISA token, which is used for wash trading, plummeted by 76% in the past 24 hours. This was due to three Alpha users (possibly the same person) launching three large sell orders within a mere 28 seconds at 10:22 AM today, liquidating approximately $170,000 worth of LISA tokens. The specific trades were: $39,540 sold at 10:22:28, $45,540 sold at 10:22:36, and $85,668 sold simultaneously. Because the token offers a 4x Alpha trading volume reward mechanism, the large sell order triggered panic selling by many wash traders, causing the price to collapse further.
LISA shares plummeted 76% in 24 hours; one user sold $170,000 worth of LISA shares in 28 seconds.
This article is machine translated
Show original
Source
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.
Like
Add to Favorites
Comments
Share
Relevant content
