#ARIA The ARIA market maker has already clearly run away— and it was a large-scale dump followed by an escape and exit.

1. Core facts (Early morning, April 15, 2026)

- Dumping side: 8 highly related controlling wallets (market maker / project team)

- Selling amount: 45.64 million ARIA tokens

- Cash-out amount: 5.42 million USDT

- Price collapse: from $1.01 → $0.09, a 91% drop

- Market cap wiped out: $315 million → $38.5 million

- Average distribution price: about $0.12 (far below the high point)

2. Why it’s “run away” (not a wash trading cycle)

1. Clear chip source
This batch of 45.64 million tokens was withdrawn from the Gate exchange as the initial position (during the early stage of the rally) 3 weeks ago, and it belongs to the market maker’s core holdings.

2. Full liquidation in one go
All 8 wallets dumped simultaneously, completely, all at once—no holding back, no price-support (no protecting the book), and no coming back.

3. Price collapses directly
Within 30 minutes, it fell by 90%+—a typical market maker run pattern of “pump for a month, dump in an hour.”

3. Judgment on subsequent trend (April 15)

- Short term: Without main support, most likely a slow grind down / sideways movement, with occasional small rebounds (retail traders’ self-rescue).

- Medium term: Hard to return to $1 high levels; the market maker has already finished harvesting and exited.

- Risk: High-controlled market maker tokens, with no real fundamental support—pure capital-pool bubble collapse.

Conclusion: The ARIA market maker has completely run away, and it’s a typical high-level dump and distribution.