According to on-chain data analyst Ai, cryptocurrency B plunged 40% in 24 hours, mainly triggered by three key factors. Adam Cochran, a partner at venture capital firm CEHV, was the initiator of the plunge. After WLFI announced the purchase, his two addresses spent a total of 2.89 million US dollars to buy 10.20 million B tokens, with an average cost of 0.2833 dollars. Then Adam sold all the tokens in three installments, with an average selling price of 0.2485 dollars and a cumulative loss of 355,000 dollars, resulting in a 15% drop in the price of the coin.
Immediately after, another address misrepresented as WLFI-related cleared 3.32 million tokens in a short period of time, making a profit of 328,000 dollars, causing the B token to fall further by 12.11%. At the same time, media reports spread the news of the sell-off, exacerbating the market panic, and the price of the B token fell to 0.1461 dollars at one point.
The B token plunged 40% in 24 hours, causing a chain reaction as venture partners cleared their positions
2025-05-24 03:27:45
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