ELSA team address transferred $4 million worth of tokens to Bybit yesterday, token price surged and plummeted sharply this morning

Odaily reports that monitoring by onchainschool.pro shows that last night, $4 million worth of ELSA was transferred from a team wallet to two newly created wallets. Subsequently, these tokens were sent to Bybit in batches.

Separately, according to market data, ELSA surged 173% at 5 AM this morning, only to rapidly drop 38% within the following hour, experiencing a roller-coaster ride. As of press time, ELSA is trading at $0.21459, corresponding to a circulating market cap of $48.54 million.