LISA plunged 76%, driven by three addresses dumping $170,000 worth of tokens in 28 seconds

BlockBeats News, January 12, according to on-chain analyst Ai Aunt (@ai_9684xtpa), three Alpha users (it is uncertain whether they are the same person) sold $170,000 worth of LISA in three transactions within 28 seconds at 10:22 (UTC+8), causing LISA to plummet by 80% in nearly one hour.

The analyst pointed out that since trading this token grants a 4x Alpha trading volume reward, after large holders dump their tokens, a large number of users farming points will panic sell, leading to a further collapse in the token price.