ESPORTS token crashes over 90% in an hour after team-linked wallets unload 60 million tokens

ESPORTS saw a steep selloff, sliding more than 90% within an hour and cutting its market capitalization to about $33 million. On-chain data indicates wallets tied to the ESPORTS team sold 60 million tokens, booking more than $6 million in profits. Around two months earlier, team-associated addresses had unlocked over 60 million ESPORTS from a Gnosis Safe multisig wallet.