B tokens plummet 40% in 24 hours, triggering a chain reaction by venture capital partners clearing their positions
According to online reports, according to a review by online data analyst Ai Aunt, cryptocurrency B plunged 40% in 24 hours, mainly caused by three key factors. Adam Cochran, a partner at venture capital firm CEHV, was the initiator of the plunge. After WLFI announced the purchase, his two addresses spent a total of US$2.89 million to purchase 10.2 million B tokens, with an average cost of US$0.2833. Adam then sold all tokens in three times, with an average selling price of $0.2485 and a cumulative loss of $355,000, causing the coin price to drop by 15%. Immediately afterwards, another address mistakenly identified as WLFI-related cleared 3.32 million tokens in a short period of time, making a profit of US$328,000, causing the B token to fall further by 12.11%. At the same time, media reports spread the news of the sell-off, exacerbating market panic, and the price of the B token once fell to $0.1461.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.