News linked to both this project and an event.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the on-chain price of ESPORTS temporarily diverged from Binance’s perpetual contract price by as much as 45%, with a negative funding rate. The current on-chain spot price stands at approximately $0.04072, while Binance’s perpetual contract price is around $0.0492—still reflecting a 20.8% price gap. Reports indicate that Gate, MEXC, and Bitget have suspended token deposits, preventing effective arbitrage from narrowing the price gap between on-chain markets and centralized exchanges, thereby further impacting the performance of Binance’s perpetual contract price index.
according to monitoring by crypto analyst Ember (@EmberCN), over the past 11 hours, a set of addresses associated with the ESPORTS project team has been continuously selling tokens on-chain, cumulatively dumping 253 million ESPORTS tokens, accounting for 28% of the total token supply.Data shows that these ESPORTS tokens were first swapped for approximately 26,000 BNB, and then further converted into 17.29 million USDT. Impacted by the continuous sell-off, the price of ESPORTS has already dropped approximately 95% from its highs, falling from $0.7 to around $0.035.
According to Lookonchain monitoring, the ESPORTS selling address has transferred out another 35.13 million ESPORTS tokens for sale in the past 3 hours.Data shows that this address has previously sold a total of 22.73 million ESPORTS, receiving approximately 987,700 USDT.
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, ESPORTS experienced a flash crash, dropping by 92%. DWF Labs is suspected to be the market maker for this token. Five days ago, an address (0x7Ef...C10dD) deposited 19.9 million ESPORTS tokens, valued at $13.9 million, to a Kraken address associated with DWF Labs. The upstream funds for this address originated from the token's deployment address, which is also one of the addresses that contributed to this flash crash, having frequently sold tokens on-chain.
According to on-chain analyst Ember's monitoring, multiple addresses associated with the ESPORTS project dumped ESPORTS tokens on the BSC chain. Starting at 18:18, these addresses sold 178 million ESPORTS tokens, exchanging them for 19,049 BNB (valued at $12.76 million). This action caused ESPORTS to drop over 90% in the last 2 hours.