ESPORTS Plunges Over 90% in 1 Hour, Market Cap Drops to $33 Million

BlockBeats News, May 25th, ESPORTS plunged over 90% in the past hour, with a market capitalization now standing at $33 million.

On-chain analysis indicates that the ESPORTS team's related address has sold off all of its 60 million tokens, realizing a profit of over $6 million. Two months ago, the ESPORTS team's related address unlocked over 60 million ESPORTS tokens from the Gnosis Safe multisig treasury (project's/VC's allocation).