PANews reported on January 12 that, according to on-chain analyst @ai_9684xtpa, the direct cause of the LISA collapse was most likely the deposit of 10 million tokens to a certain address.
- Three hours ago, address 0x358…eC57c deposited 10 million LISA tokens into Binance Wallet (Alpha Wallet), which was worth $1.65 million at the time.
- Tracing the source of funds back, it was discovered that the origin was the project owner's SafeProxy address.
- The price of the coin plummeted within half an hour of the deposit, possibly due to a sell-off achieved through limit orders.
If someone uses the "Binance Alpha+ limit order" to commit malicious acts, the difficulty of on-chain tracking will significantly increase.
Previously reported,LISA experienced a 76% flash crash in 24 hours, with a sell-off by three Alpha users causing a rapid short-term price drop .
