14.981 million GUA tokens unlocked and subsequently sold off, causing the token price to plunge by as much as 75%
According to on-chain analyst Ember (@EmberCN), 9 hours ago, 14.981 million GUA tokens were unlocked and transferred from the unlock contract; valued at approximately $15.18 million at the time of unlocking. Subsequently, all of these GUA tokens were sold on-chain, causing GUA’s price to plummet by 75%. These GUA tokens were ultimately swapped for 2,784 ETH—worth roughly $5.66 million—and deposited into three wallets.