Binance Alpha's LISA Plunges 76% as Three Addresses Dump $170,000 Worth of Tokens in 28 Seconds

Flash Dump by Three Addresses Triggers LISA Price Crash

On January 12, Binance Alpha's LISA token saw a sharp price drop after three users dumped $170,000 worth of tokens in just 28 seconds, according to on-chain analyst Ai Auntie.

Reward Mechanism Sparks Market Panic

Trading LISA offers a fourfold bonus in Alpha trading volume, prompting panic selling by many score-chasing users after large trades, further dragging down the token price.

Project Timeline Recap

On December 18, 2023, LISA officially launched on Binance Alpha platform.