十一Eleve|Aug 11, 2026 17:03
Not sure what DOS is trying to do with this move.
Feels a lot like a wash-trading operation.
After listing futures, all expectations were fulfilled, and then the price started dropping hard.
Futures OI isn’t that big.
Now they’re starting to release the second airdrop.
Airdrop address:
0x6d8a31aeb37824ce0c31d3564349283c0e7a080f
The first airdrop was very small—only about 0.1% released throughout the entire day.
This time, it’s also not much, but in just a short while, 0.12% has already been released.
The price drop is clearly not something that 50WU alone could cause.
When the project team listed on the Korean exchange yesterday, they transferred tokens to Korean exchanges, Alpha, Bitget, Gate, and Kucoin.
In total, about 3%.
At the time, the price didn’t move, so it seemed like they were just creating a smokescreen.
Looking back now, from the peak to this wave of dumping, it seems like they sold quite a bit themselves.
This airdrop feels like another wash-trading move.
Not much was distributed to retail investors.
All the large airdrop addresses with 10,000+ tokens are new addresses.
They’re probably just insider wallets.
The direction isn’t very clear anymore.
The price is stuck in a weird limbo.
Awkward phase.
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