Binance Alpha Project LISA Experiences 76% Flash Crash, Triggered by Three Addresses Dumping $170,000 Worth of Tokens in 28 Seconds

BlockBeats News, January 12th, according to on-chain analyst Ai Auntie (@ai_9684xtpa) monitoring, three Alpha users (not sure if the same person) sold $170,000 worth of LISA in 28 seconds at 10:22, causing a nearly 80% crash in LISA price in nearly 1 hour.

The analyst pointed out that trading this token earns a 4x Alpha trading volume reward, so after whales dump, there will be a large number of wash-trading users panic-selling, leading to further price collapse.

On December 18th last year, Binance Alpha listed LISA.