News linked to both this project and an event.
that, according to Onchain Lens monitoring, a whale on Aster holds an ESPORTS position worth approximately $5.67 million and has shorted approximately $1.44 million worth of ESPORTS, currently incurring a loss of about $442,000. The address is 0x89C3E5068d29Bdc3F25EC1044169C5CC7fd4A013.
OdailyOdaily reports that according to Lookonchain monitoring, a trader made over $9 million in profit on Aster in less than a month, a return of 806%. The trader executed only one trade, a 1x short on ESPORTS. On June 18, the trader deposited 1 million USDT into Aster and opened a 1x short position on ESPORTS. The trader has already realized $4.28 million in profit by closing part of the position, still holds a short position of 137.73 million ESPORTS tokens worth $1.95 million, and has an additional $4.77 million in unrealized profit. Subsequently, the trader withdrew $1 million of the initial principal from Aster, with the remaining $9.05 million in the account being pure profit.
According to monitoring by on-chain analyst Ai Yi, a number of smart money addresses are trading volatile and altcoins on Aster. Details are as follows:A whale opened a 1x short position on ESPORTS worth $9.58 million, which has now yielded an unrealized profit of $5.005 million.Addresses 0x2d4 and 0x961 opened 2x short positions on GUA worth $547,000, with profits exceeding $1.29 million, representing a return rate of 235%.Addresses 0x2A3 and 0x134 opened long positions on SYN worth $1.5 million and $504,000 respectively, with unrealized profits of $174,000 and $435,000 so far.
Yooldo posted on X platform, issuing an official statement regarding the significant price drop of the ESPORTS token on May 25th. The incident was not initiated, led, or intentionally caused by the ESPORTS team, which remains committed to building a healthy ecosystem and creating long-term value for the community.The key findings of the investigation are as follows: The ESPORTS team had previously onboarded external OTC and market-making partners to support liquidity and ecosystem development; the investigation found that one of these partners engaged in activities inconsistent with the team's agreed terms; based on available information, the team believes a large portion of the sell-off activity originated from tokens previously provided to this partner. However, due to the flow of transactions through multiple wallets, counterparties, and exchanges, tracing the complete fund flow is difficult; the ESPORTS team did not execute, coordinate, or instruct any market sell-offs intended to cause the price decline. Upon discovering the issue, the team cooperated with exchanges and relevant parties to investigate the incident and limit further damage; the team has begun implementing recovery measures, including liquidity support and onboarding new long-term partners, but still faces challenges from ongoing selling pressure by the market maker and related market activities.Yooldo also stated that new game updates and an additional buyback plan will be announced soon, and advised all project founders to only work with reputable and trustworthy market makers.
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.