PANews reported on May 24 that according to monitoring by on-chain analyst @ai_9684xtpa, three addresses were the initiators of yesterday’s B crash. Adam’s liquidation set the tone for the decline, smart money selling caused the coin price to fall in the short term, and rumors about WLFI selling further caused panic.
1. Adam Cochran, partner at venture capital firm CEHV:
- Opening a position: Adam’s two addresses spent a total of $2.89 million to buy 10.2 million B tokens 13 hours after WLFI announced the purchase, with an average cost of $0.2833;
- Selling: He sold all the tokens three times starting from yesterday morning, with an average selling price of $0.2485 and a cumulative loss of $355,000; the three selling periods were 11:07-11:23, 14:49-15:08, and 15:25-18:00;
- Impact on the price of the currency: From the time he first sold to the time he liquidated B, the total drop was 15% (from $0.2664 to $0.2255).
2. Smart Money 0x26a...53c74 (misreported as WLFI related address):
- Opening a position: I have written about this address before. One hour after the purchase of WLFI, a position of 3.32 million tokens was opened at a cost of $0.08492;
- Selling: All tokens were sold between 19:02 and 19:12 yesterday, with an average selling price of $0.1838, and a final profit of $328,000;
- Impact on the price of the currency: Caused B to fall by 12.11% in a short period of time (0.2129 USD > 0.1871 USD).
3. During the period when smart money was dumping the market, MMS reported that insider addresses were selling, and a certain media captured the source and released a news flash.
