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CEX Alpha project LISA crashes 76%, driven by three addresses selling $170,000 worth of tokens in 28 seconds
January 12, according to on-chain analyst Ai Yi (@ai_9684xtpa), three Alpha users (uncertain if they are the same person) sold $170,000 worth of LISA in three transactions within 28 seconds at 10:22, causing LISA to plummet nearly 80% in about an hour. The analyst pointed out that since trading this token earns 4 times the Alpha trading volume rewards, large traders dumping the token trigger a panic sell-off among many wash traders, leading to a further collapse in the token’s price. On December 18 of last year, CEX Alpha launched LISA.