PANews, May 24 news, according to on-chain analyst @ai_9684xtpa monitoring, three addresses are the culprits of yesterday's B dump event. Adam's liquidation set the tone for the decline, and smart money selling caused a short-term drop in coin prices, while rumors about WLFI sales further caused panic.
1. Venture Capital Firm CEHV Partner Adam Cochran:
- Accumulation: 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 tokens in three batches starting from yesterday morning, with an average selling price of $0.2485, resulting in a cumulative loss of $355,000; the three selling periods were 11:07-11:23, 14:49-15:08, 15:25-18:00;
- Impact on Coin Price: From his first sale to the liquidation, B fell by a total of 15% (from $0.2664 to $0.2255).
2. Smart Money 0x26a...53c74 (mistakenly identified as WLFI related address):
- Accumulation: I previously wrote about this address, which accumulated 3.32 million tokens one hour after purchasing from WLFI, at a cost of $0.08492;
- Selling: Liquidated all tokens between 19:02-19:12 yesterday, with an average selling price of $0.1838, ultimately earning $328,000;
- Impact on Coin Price: Caused B to fall by 12.11% in a short time (from $0.2129 to $0.1871).
3. During the smart money dumping period, MMS reported that insider addresses were selling, and a certain media outlet captured the source and released breaking news.
