ESPORTS related addresses sold approximately 253 million tokens within about 11 hours, accounting for 28% of the total supply. They were first exchanged for about 26k BNB, then converted into approximately 17.29 million USDT. The token price was driven down from around $0.7 to about $0.035, a decline of nearly 95%.

In other words, a single address cluster holds over a quarter of the circulating supply. A one-time dump is enough to drain market liquidity, leaving the secondary market with almost no reaction time. This is a typical risk of highly centralized tokens.
These addresses are currently only marked as project-related and have not been officially confirmed. No one has explained the motive behind the sell-off, but the price already offers the most pessimistic interpretation.
For participants, a more realistic lesson is: before looking at a project, first examine the token distribution and large holder holdings structure to avoid handing over chips to a few addresses that can press the sell button at any time.