DWF Labs suspected to be market maker for ESPORTS token

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.