TechFlow, May 24 — According to on-chain data analyst Ai Yi's post-mortem analysis, cryptocurrency B plunged 40% within 24 hours, primarily triggered by three key factors. Venture capital firm CEHV partner Adam Cochran initiated the sell-off, spending $2.89 million across two addresses to purchase 10.2 million B tokens after WLFI announced its acquisition, averaging $0.2833 per token. Adam then sold all holdings in three transactions at an average price of $0.2485, incurring a total loss of $355,000 and causing a 15% drop in the token’s price.
Shortly afterward, another address mistakenly believed to be linked to WLFI dumped 3.32 million tokens, realizing a profit of $328,000, pushing B’s price down an additional 12.11%. Meanwhile, media coverage amplified the selling pressure, intensifying market panic, driving B’s price as low as $0.1461.
