ESPORTS token experiences flash crash, DWF Labs suspected to be its market maker
BlockBeats news, on May 25, according to AI Aunt's monitoring, ESPORTS has crashed, with a drop of 92%, and DWF Labs is suspected to be the market maker for this token.
Five days ago, address 0x7Ef…C10dD deposited 19.9 million ESPORTS, worth 13.9 million US dollars, to a DWF-associated exchange address. The upstream of this address was the token deployment address, which was also one of the main contributors to this flash crash (frequently selling tokens on-chain).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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