The ESPORTS token has plummeted by approximately 92%, according to on-chain monitoring. The sharp decline has fueled speculation that DWF Labs may have been acting as the token's market maker (MM).

M...

The ESPORTS token has plummeted by approximately 92%, according to on-chain monitoring. The sharp decline has fueled speculation that DWF Labs may have been acting as the token's market maker (MM).

Monitoring data indicates that five days ago, an address ('0x7Ef…C10dD') deposited around 19.9 million ESPORTS, valued at about $13.9 million, into a Kraken address associated with DWF Labs. The funds in this wallet originated from the token's distribution address, and it has been identified as one of the addresses involved in the large-scale on-chain sell-off during the crash.

ESPORTS token plunges 92% amid DWF Labs market making allegations

Author: Xiaobing, TechFlow TechFlow
On May 22, after the China Securities Regulatory Commission (CSRC) announced its intention to impose severe penalties on three overseas brokerage firms—Futu, Tiger Brokers, and Longbridge—their stock prices plummeted.
However, in Futu's own app community, the style suddenly changed. It was no longer just about exchanging stock information; overnight, it became a dating platform for stock investors.
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A mainland Chinese woman with a D-cup bust who claims to be beautiful is seeking a foreign man; a mainland Chinese born in the 1990s with a 2046% return on investment is willing to accept a "gender-neutral" identity change; a Hong Kong man holding a German passport...

When Futu becomes a matchmaking corner, overseas status becomes a form of hard currency for the middle class.

Editor's Note: In the early hours of May 25th, Ethereum co-founder Vitalik Buterin published a lengthy article on X. In it, Vitalik reinterpreted his expectations for Ethereum's future development and the role and functions of EF from a personal perspective.

Vitalik emphasized that Ethereum should not bow to mainstream trends, but must be impressive, and must uphold the CROPS values of censorship resistance, openness, privacy, and security. Vitalik also explicitly stated that "Ethereum's most valuable product is..."

Vitalik has finally relented; ETH is the most important product of Ethereum.

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