ESPORTS plummets over 90% within 24 hours: Project-linked wallets trigger flash crash with large-scale sell-off
Bitget Pulse2026/05/25 17:40Volatility Overview
ESPORTS (Yooldo Games token) experienced extreme price volatility in the past 24 hours: it surged rapidly from a low of $0.05222 to a high of $0.76108, then sharply retraced to the current $0.05852. The amplitude reached as high as 1357.5%. The price plunged more than 90% from its peak within hours, wiping out over $100 million in market capitalization in a single day, with a large number of long positions liquidated.
Brief Analysis of the Abnormal Movement
The primary direct driver of this volatility was a massive on-chain sell-off event within the past 24 hours (specifically concentrated within several hours on May 25):
- Project-related wallets (including team-controlled multisig wallets and suspected VC-associated addresses) unlocked and sold approximately 178 to 198 million ESPORTS tokens, accounting for around 43% of circulating supply, in exchange for about 19,000 BNB (valued at approximately $12.7 million).
- The sell-off was executed via BNB Chain liquidity pools and centralized exchanges, causing buy-side liquidity to be rapidly depleted and the price to crash over 90% within two hours. Some funds flowed to a Kraken address linked to DWF Labs, further attracting market attention.
- During the previous token unlock event between May 18-24, roughly $28.8 million worth of tokens were unlocked, which had already sparked community discussion and became the background for sell pressure, but this large-scale concentrated sell-off was the direct trigger.
No official positive announcement or encouraging news acted as support—this event was purely driven by on-chain capital actions.
Market Views and Outlook
Prevailing sentiment in the community and market is panic and caution, widely regarding this as a textbook case of "team/VC sell-off," significantly increasing the risk premium for low-liquidity gaming tokens. Analysts and on-chain monitoring platforms emphasize that such incidents highlight a lack of project transparency and selling pressure risk after token unlocks; short-term pressure may persist, and investors are advised to be cautious of similar high-volatility assets.
Going forward, close attention should be paid to changes in remaining circulating supply and whether the project team takes any stabilization measures. The market is currently taking a cautious stance toward such events.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.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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