LISA experienced a 76% flash crash in 24 hours, with selling by three Alpha users driving a rapid price drop in a short period.
AI Summary1 min read
TL;DR
LISA experienced a 76% flash crash in 24 hours, driven by three Alpha users selling $170,000 worth of tokens in 28 seconds, triggering panic selling and a rapid price drop.
Tags
AgentLISALISAflash crashAlpha userspanic sellingcryptocurrency
According to Mars Finance, on-chain analyst @ai_9684xtpa monitored a 76% flash crash in LISA within 24 hours. Three Alpha users (it's uncertain if they are the same person) sold $170,000 worth of LISA in three transactions within 28 seconds at 10:22 AM, causing a rapid price drop. Transaction 1: $39,540 worth of LISA sold at 10:22:28 AM; Transaction 2: $45,540 worth of LISA sold at 10:22:36 AM; Transaction 3: $85,668 worth of LISA sold at 10:22:36 AM. Because trading this token earns 4x Alpha trading volume rewards, the large sell-off by these users triggered panic selling by those trying to manipulate the price, further exacerbating the collapse.