Alpha token LISA, which was heavily traded, plummeted 76% after one user sold $170,000 worth of LISA in 28 seconds.

According to TechFlow TechFlow, on January 12th, on-chain analyst Ai Yi (@ai9684xtpa) monitored that the price of Binance Alpha's LISA token plummeted by 76% in the past 24 hours. This was due to three Alpha users (possibly the same person) initiating three large sell orders within a mere 28 seconds at 10:22 AM, liquidating approximately $170,000 worth of LISA tokens. Specifically, the transactions 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 users who were simply trying to manipulate the price, causing a further collapse in the token's value.