星球日报|Jul 02, 2026 05:39
**[ESPORTS: May 25 Crash Caused by Market Maker's Misconduct]**
Odaily Planet Daily reported that Yooldo posted an official statement on the X platform regarding the significant drop in the price of the ESPORTS token on May 25. The incident was not initiated, led, or intended by the ESPORTS team, which remains committed to building a healthy ecosystem and creating long-term value for the community. Key findings from the investigation are as follows:
- The ESPORTS team had engaged external OTC and market-making partners to support liquidity and ecosystem development.
- The investigation revealed that one of these partners engaged in activities that violated the agreement with the team.
- Based on available information, the team believes that the large-scale sell-off originated from tokens previously provided to this partner. However, due to the involvement of multiple wallets, counterparties, and exchanges, it has been challenging to trace the complete flow of funds.
- The ESPORTS team did not execute, coordinate, or instruct any market sell-off actions aimed at causing the price drop. Upon discovering the issue, the team collaborated with exchanges and relevant parties to investigate the incident and mitigate further damage.
- The team has initiated recovery measures, including liquidity support and onboarding new long-term partners, but continues to face challenges from the ongoing sell-off pressure by the market maker and market activity.
Yooldo also mentioned that new game updates and an additional buyback plan will be announced soon and advised all project founders to work only with reputable and trustworthy market makers.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink