$ESPORTS ‌ The project team’s related address directly dumped 253 million ESports tokens, accounting for 28% of the total tokens, cashing out 17.29 million USDT. Do you think that’s all? The multi-signature wallet of the team is even more aggressive, unlocking and selling 178 to 198 million tokens at once, accounting for 43% of the circulating supply, exchanging for thousands of BNB. The two rounds together directly crushed the market, dropping from $0.7 to $0.035, a 95% decline in one day, with a market cap evaporating over $100 million.

On-chain detective ZachXBT has long been watching this project, as the same entity controls multiple BSC tokens like ESports, RIVER, and LIGHT through an attribution contract, directly linked to the LAB multi-signature wallet. The top 10 addresses hold 71% of the circulating tokens, and the team’s tokens have no lock-up clauses, allowing them to sell at will.