ARIA suspected controlled addresses collectively dumped 45.64 million tokens, causing the price to plummet over 90% at one point.
According to Odaily, crypto analyst Ember@EmberCN monitored that addresses suspected to be related to ARIA collectively sold 45.64 million ARIA in the early hours of today, receiving approximately 5.42 million USDT in return, with an average transaction price of around $0.12.
As a result, the price of ARIA fell from about $1.01 to as low as $0.09, a drop of over 90%, and its circulating market capitalization decreased from around $315 million to approximately $38.5 million. These tokens were previously transferred on-chain from an exchange via 8 wallets three weeks ago.
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