Data: 14.981 million GUA were sold off after being unlocked, causing the price to plummet by 75% at one point

According to on-chain analyst Yu Jin (@EmberCN), 14.981 million GUA were unlocked and transferred from the unlocking contract 9 hours ago, valued at approximately 15.18 million USD at the time. They were then all sold off on-chain, causing GUA to plummet by 75%. These GUA were ultimately exchanged for 2,784 ETH, valued at about 5.66 million USD, and deposited into three wallets.