Analyst: The three addresses are the culprits behind yesterday's plunge of B token

ChainCatcher news, according to @ai_9684xtpa's monitoring, three events are the main reasons for the sharp decline of B token. Adam's liquidation set the tone for the drop, smart money selling caused a temporary price drop, and media spread further caused panic, resulting in "B's 24-hour drop reaching 40%".

First, venture capital firm CEHV partner Adam Cochran spent a total of $2.89 million to purchase 10.2 million B tokens within 13 hours after announcing the acquisition on WLFI, with an average cost of $0.2833. However, starting from yesterday morning, he sold in three batches, with an average selling price of $0.2485, resulting in a total loss of about $355,000, and the token price dropped from the initial selling price of $0.2664 to $0.2255, a decline of 15%. Second, the smart money starting with "0x26a" was mistakenly reported as having acquired 3.32 million B tokens at a cost of $0.08492 one hour after purchasing on WLFI, but liquidated between 19:02 and 19:12 yesterday, with an average selling price of $0.1838, making a profit of about $328,000, and causing the token price to temporarily drop by 12.11% (from $0.2129 to $0.1871). Finally, the media reported the smart money dumping incident at 19:05:40, leading to a further drop in the token price to a low of $0.1461 at 19:07:15.