ELSA team transfers $4 million in tokens to Bybit

On January 23rd, according to monitoring by onchainschool.pro, ELSA tokens worth $4 million were transferred from one team wallet to two newly created wallets last night, and then these tokens were sent to Bybit one after another. The market shows that ELSA rose 173% at 5am this morning and quickly fell 38% within an hour. As of press time, the ELSA price is $0.21459 and the circulating market value is $48.54 million.