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LISA 24-hour flash crash of 76%, the sell-off by three Alpha users caused the token price to drop rapidly in a short period
GateNews
ChainCatcher reports that, according to on-chain analyst @ai_9684xtpa, LISA experienced a 76% flash crash within 24 hours. Three Alpha users (uncertain if they are the same person) sold a total of $170,000 worth of LISA in three transactions within 28 seconds at 10:22, causing a rapid short-term decline in the token’s price.
Transaction 1: At 10:22:28, sold $39,540 worth of LISA; Transaction 2: At 10:22:36, sold $45,540 worth of LISA; Transaction 3: At 10:22:36, sold $85,668 worth of LISA. Since trading this token grants a 4x Alpha trading volume reward, large sell-offs by whales trigger panic selling among many retail traders, leading to a further collapse in the token’s price.
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