ESPORTS Token Crashes 95% in 24 Hours Amid Rug Pull Suspicions, 198M Tokens Sold

According to on-chain analysts and Lookonchain, ESPORTS token crashed 93-95% on May 25, plummeting from above $0.7 to $0.034 as of May 27. Over a four-hour period, 197.8 million ESPORTS tokens—roughly 43% of circulating supply—were sold on-chain for 13.65 million USD, triggering a sharp collapse.

On-chain analyst ZachXBT flagged that the wallet responsible for the massive sell-off may belong to project insiders, citing connections to other tokens with market manipulation allegations. Yooldo Foundation acknowledged the volatility on May 25, stating the team is actively investigating the incident, though no detailed findings have been disclosed as of May 27.