Analyst: Three Addresses Are the Culprits Behind Yesterday's B Token Crash

According to ChainCatcher, monitored by @ai_9684xtpa, three events are the main reasons for the sharp decline of token B. Adam's liquidation set the tone for the drop, smart money selling caused a short-term price drop, and media dissemination further caused panic, resulting in "B's 24-hour drop reaching 40%".

First, Adam Cochran, a partner at venture capital firm CEHV, announced on WLFI that he spent a total of $2.89 million to purchase 10.2 million B tokens within 13 hours of the announcement, with an average cost of $0.2833. However, starting yesterday morning, he sold in three batches at an average selling price of $0.2485, resulting in a total loss of approximately $355,000. The token price fell from $0.2664 at the first sale to $0.2255, a decline of 15%. Secondly, smart money starting with "0x26a", mistakenly reported as a WLFI-related address, built a position of 3.32 million B tokens one hour after the WLFI purchase at a cost of $0.08492. However, it liquidated between 19:02 and 19:12 yesterday, with an average selling price of $0.1838, profiting approximately $328,000, and causing a short-term price drop of 12.11% (from $0.2129 to $0.1871). Finally, the media reported the smart money dumping event at 19:05:40, causing the token price to further drop to a low of $0.1461 at 19:07:15.