Yooldo Games issued a statement regarding the sharp decline of the ESPORTS token on May 25, stating that the event was not initiated, instructed, or intentionally created by the team. The team mentioned that it had previously brought in external OTC and market-making partners to support liquidity and ecosystem growth, but an investigation revealed that one partner's actions were inconsistent with the team's understanding of the partnership arrangement. Yooldo said that based on current information, a significant portion of the selling pressure may have come from tokens previously provided to that partner, but due to funds flowing through multiple wallets, complete tracking remains difficult.

ESPORTS-11.97%
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BluePeonyPlan
· 7h ago
The team is blaming external market makers, but the excuse that token tracking is difficult sounds familiar. The community needs more transparent disclosure of capital flows.
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Tangerine-FlavoredPullback
· 7h ago
In plain terms, the risk control wasn’t done well. Didn’t they sign a gambling agreement or lock-up with external partners? Now that the token price has crashed like this, it’s even harder for players to regain confidence.
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tvl_down_bad
· 7h ago
OTC partner “backstabbing” plots are all too common in Web3. This time, Yooldo really got derailed by the trust chain.
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