ESPORTS Token Flash Crash, DWF Labs Suspected to Be Market Maker

BlockBeats News, May 25th, according to AI Monitoring, ESPORTS experienced a flash crash, with a 92% decline, and DWF Labs is suspected to be the liquidity provider for this token.

Five days ago, the address 0x7Ef…C10dD made a deposit of 19.9 million ESPORTS tokens to the Kraken address associated with DWF, totaling $13.9 million. This address's source of funds can be traced back to the token's deployment address, which is also one of the addresses involved in this flash crash (engaging in on-chain token dumping at a high frequency).