Bitlayer ($BTR) plunged 80% in a single day, suspected to be due to a concentrated sell-off by Bithumb.

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According to ChainCatcher, Bitlayer ($BTR) plummeted 80% yesterday afternoon, with the price dropping from $0.2 to $0.04. On-chain data shows that 41% of the circulating supply (approximately 140 million coins) flooded into the Bithumb exchange within a day, raising suspicions that Bithumb was the primary dumping ground or price manipulation site for this spot trading.

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