Hupzy (Spot On Chain)|Jun 09, 2026 02:25
📈 A high-control token on Ethereum crashed 83% in 7 hours after 7 wallets dumped 249M tokens, cashing out ~$𝟯𝟭.𝟯𝗠 (17,800 ETH + 2,715 BNB). Tokens came from unlocks.
Arkham tracker: https://arkm.com/explorer/entity/704bd924-386d-4cfe-b0c1-ac620e646472
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Classic insider exit — coordinated wallets waited for unlocks, then sold into thin liquidity. The $31.3M size is material. This is a reminder that low-float / high-control projects carry concentrated sell risk once unlocks begin. The token identity isn't confirmed, but the on-chain flow is clear: 7 wallets, 7 hours, 83% crash.
--source: https://x.com/EmberCN/status/2064168483244605519
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