DWF Labs appears to be the market maker for the ESPORTS token

Odaily Odaily reports that, according to monitoring by on-chain analyst Ai Yi, ESPORTS experienced a flash crash with a decline of 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, worth $13.9 million, to a Kraken address associated with DWF Labs. The upstream funds for this address originate from the token's deployment address, which is also one of the addresses that fueled this flash crash, having frequently sold tokens on the chain at high frequency.