ZachXBT: Crypto KOL Crypto Beast Manipulated the ALT Token Price Crash
According to a report by Jinse Finance, on-chain investigator ZachXBT has revealed that crypto KOL Crypto Beast is suspected of manipulating the price of the ALT token on July 14, causing it to plummet from $0.19 to $0.003, with its market capitalization crashing from $190 million to $3 million. Through on-chain analysis, ZachXBT found that Crypto Beast had previously been actively promoting the ALT token, and more than 45 related internal wallets collectively sold tokens worth over $11 million. The wallet address publicly shared by Crypto Beast can be traced back to a Celestia address, which transferred funds to an exchange and provided capital for a sidechain wallet. ZachXBT stated that after the crash, Crypto Beast deleted all posts promoting the token and had previously denied any involvement in the price collapse.
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