ARIA Suspected of Market Manipulation Addresses Dump 45.64 Million Tokens, Price Plummets Over 90%

According to monitoring by crypto analyst Yu Jin @EmberCN, addresses suspected to be related to ARIA collectively dumped 45.64 million ARIA tokens in the early hours of today, exchanging them for approximately 5.42 million USDT, with an average transaction price of about $0.12.

As a result, the price of ARIA dropped from around $1.01 to as low as $0.09, a decline of over 90%. Its circulating market capitalization fell from approximately $315 million to about $38.5 million. The aforementioned tokens were transferred from Gate to on-chain addresses via 8 wallets three weeks prior.