An unknown wallet liquidated 197.8 million ESPORTS tokens—representing 43% of the token's total circulating supply—over a four-hour period, exchanging them for 20,401 wrapped BNB (approximately $13.65 million). The massive sell-off was tracked by blockchain analytics platform LookOnChain on X (formerly Twitter).
The same wallet subsequently transferred an additional 35.13 million ESPORTS tokens and has already liquidated 22.73 million tokens for $987,734 in separate transactions. The coordinated series of large sells suggests a planned exit from the position rather than reactive selling pressure.
The liquidation follows a sharp decline in ESPORTS valuation, with the token experiencing losses exceeding 90% from previous levels. The concentrated sale of nearly half the circulating supply in a short timeframe represents extreme whale activity that could further pressure the token's price if additional holders move to exit.