ESPORTS-related address sold 253 million tokens in 11 hours, cashing out 17.29 million USDT

According to monitoring by crypto analyst @EmberCN, over the past 11 hours, a group of addresses associated with the ESPORTS project team has been continuously selling tokens on-chain, with a total of 253 million ESPORTS tokens sold so far, accounting for 28% of the total token supply.

Data shows that these ESPORTS tokens were first exchanged for approximately 26,000 BNB, and then further converted into 17.29 million USDT. Affected by the continuous sell-off, the ESPORTS price has now dropped about 95% from its peak, falling from $0.7 to around $0.035.