BlockBeats News, May 4th, according to GMGN data, On-chain detective ZachXBT announced that he would take action against the imToken built-in exchange platform Tokenlon DEX. After this announcement, the Tokenlon token LON dropped by around 8%. However, the token has been in a long-term downtrend since November 2024, with a cumulative decline of 75%, and the market value is now reported to be $31.87 million.
Data shows that currently, the LON/ETH pool on Ethereum (Uniswap) has only single-digit daily average transactions. The trading volume in the past 24 hours was $47,000 (a 8958% increase in 24 hours).
At the time of writing, Ben He has not yet responded to ZachXBT's allegations. His last actively posted tweet can also be traced back to November 2024.
