PANews reported on January 12 that, according to on-chain analyst @ai_9684xtpa, LISA experienced a 76% flash crash in 24 hours. Three Alpha users (it is uncertainPANews reported on January 12 that, according to on-chain analyst @ai_9684xtpa, LISA experienced a 76% flash crash in 24 hours. Three Alpha users (it is uncertain
LISA experienced a 76% flash crash in 24 hours, with selling by three Alpha users causing a rapid short-term price drop.
PANews reported on January 12 that, according to on-chain analyst @ai_9684xtpa, LISA experienced a 76% flash crash in 24 hours. Three Alpha users (it is uncertain whether they are the same person) sold $170,000 worth of LISA in three transactions within 28 seconds at 10:22 AM, causing the price to drop rapidly in a short period of time.
- Transaction 1: Selling $39,540 worth of LISA at 10:22:28
- Transaction 2: Selling $45,540 worth of LISA at 10:22:36
- Transaction 3: Selling $85,668 worth of LISA at 10:22:36
Because trading this token earns a 4x Alpha trading volume reward, a large number of users who manipulate the market will panic and sell after large investors dump their tokens, causing the price to collapse further.
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