B Token fell big dump by 40% in 24 hours, and the venture capital partner closing all positions triggered a chain reaction.

robot
Abstract generation in progress

According to a report by Jinse Finance, on-chain data analyst Ai Yi reviewed that the Crypto Asset B experienced a big dump of 40% within 24 hours, mainly triggered by three key factors. Adam Cochran, a partner at the venture capital firm CEHV, was the instigator of this big dump, as his two Addresses collectively spent $2.89 million to acquire 10.2 million B Tokens after WLFI announced the purchase, with an average cost of $0.2833. Subsequently, Adam sold all the Tokens in three batches, with an average selling price of $0.2485, resulting in a cumulative loss of $355,000, which caused the coin price to fall by 15%. Immediately after, another address mistakenly associated with WLFI dumped 3.32 million Tokens in a short period, profiting $328,000, causing B Token to further fall by 12.11%. Meanwhile, media reports spread the dumping news, exacerbating market panic, and the price of B Token once fell to $0.1461.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 2
  • Share
Comment
0/400
WealthComesFromAllDivip
· 05-24 03:45
As soon as they were listed, they couldn't wait to Be Played for Suckers, it's really becoming increasingly unseemly! Why does the platform issue these junk coins! It damages the platform's reputation!
Reply0
View More