Analysis: The direct cause of LISA's collapse is most likely related to a deposit of 10 million tokens by a certain address.

PANews reported on January 12 that, according to on-chain analyst @ai_9684xtpa, the direct cause of the LISA collapse was most likely the deposit of 10 million tokens to a certain address.

  • Three hours ago, address 0x358…eC57c deposited 10 million LISA tokens into Binance Wallet (Alpha Wallet), which was worth $1.65 million at the time.
  • Tracing the source of funds back, it was discovered that the origin was the project owner's SafeProxy address.
  • The price of the coin plummeted within half an hour of the deposit, possibly due to a sell-off achieved through limit orders.

If someone uses the "Binance Alpha+ limit order" to commit malicious acts, the difficulty of on-chain tracking will significantly increase.

Previously reported, LISA experienced a 76% flash crash in 24 hours, with a sell-off by three Alpha users causing a rapid short-term price drop .

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
1 hour ago
1 hour ago
2 hour ago
3 hour ago
3 hour ago
5 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读