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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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ZachXBT exposes the insider story behind Crypto Beast manipulating the $ALT big dump.
PANews reported on July 22 that on-chain detective ZachXBT stated that Crypto Beast falsely claimed to be unrelated to the big dump of $ALT's market capitalization from $190 million to $3 million, while actually manipulating the market and deceiving fans. Investigations showed that on July 14, 45 related internal Wallets sold off over $11 million worth of $ALT in a single day, causing the coin price to fall from $0.19 to $0.003. Related promotional and Wallet information has now been deleted, and the on-chain fund flow has also been traced to multiple exchanges.