On-chain data has traced a large YGG token deposit event. Seven hours ago, a wallet address starting with "0xE040" transferred a total of 40 million YGG tokens to a major exchange in a single transaction, worth approximately $2.65 million USD. Interestingly, this address has repeatedly deposited YGG tokens to exchanges over the past 5 months, creating a continuous supply pressure. Tracing the origin of these tokens shows they initially flowed out from the project treasury and multi-signature management addresses of the on-chain gaming guild Yield Guild Games. Whether this reflects the project's long-term liquidation plan or a liquidity adjustment strategy is worth ongoing attention.
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SchrodingerWallet
· 10h ago
YGG is about to dump again? They've been selling off for five consecutive months, this pace is a bit rapid.
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GasFeeTherapist
· 11h ago
YGG is starting to dump on exchanges again. Is this move really to run or what operation is this...
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ProbablyNothing
· 11h ago
YGG is starting to dump again? Is the treasury rushing to liquidate?
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40 million tokens directly dumped on the exchange, this pace doesn't seem right.
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Five months of continuous recharging... Does the project team want to run or are they really out of money?
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Liquidity adjustment? I think it's just liquidity disappearing, haha.
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The treasury address is疯狂 selling off, can YGG still be okay?
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This is the fate of chain games; in the end, it all depends on whether the treasury dumps or not.
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Tracing back to the official source means the project team is helping themselves out of a jam.
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A one-time recharge of 2.65 million USD, this pressure is enormous.
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NewDAOdreamer
· 11h ago
YGG is dumping again this time, continuously depositing into exchanges for 5 months. Is the project team planning to run away or what?
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fren_with_benefits
· 11h ago
Continuous dumping? YGG is committing suicide
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It's the project team secretly liquidating again, tired of this routine
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40 million tokens dumped at once, and they still have the nerve to talk about liquidity adjustment?
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The treasury address is filling exchanges every day, who would still dare to hold YGG?
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Five months of continuous pressure to increase, it should have been obvious by now
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YGG is really impressive, all just dumping on their own market
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This is basically a disguised way of cutting the leeks, I knew it
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$2.65 million dumped, how many bagholders will be needed to absorb this?
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Project team: Let's run away together
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Again? Has there ever been a moment of peace for YGG?
On-chain data has traced a large YGG token deposit event. Seven hours ago, a wallet address starting with "0xE040" transferred a total of 40 million YGG tokens to a major exchange in a single transaction, worth approximately $2.65 million USD. Interestingly, this address has repeatedly deposited YGG tokens to exchanges over the past 5 months, creating a continuous supply pressure. Tracing the origin of these tokens shows they initially flowed out from the project treasury and multi-signature management addresses of the on-chain gaming guild Yield Guild Games. Whether this reflects the project's long-term liquidation plan or a liquidity adjustment strategy is worth ongoing attention.