The price crash may have been caused by the project team's address depositing 10 million LISA tokens into Binance.

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According to ChainCatcher, market sources indicate that an address (0x358…eC57c) originating from the project team SafeProxy deposited 10,000,000 LISA tokens into a Binance wallet, worth $1,650,000 at the time. Half an hour after the deposit, the price of LISA plummeted, suggesting that the tokens may have been sold off via a limit order.

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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.
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