A short-term sell-off by ESPORTS-related addresses caused the price of the cryptocurrency to plummet by 90%.

CoinFeed reported on May 25 that, according to Yu Jin, multiple addresses associated with the ESPORTS project collectively sold off ESPORTS tokens on the BSC chain, causing the coin to drop by over 90% in approximately two hours. From 18:18 to the present, these addresses have sold approximately 178 million ESPORTS tokens, in exchange for approximately 19,049 BNB, equivalent to approximately $12.76 million.