Yooldo Blames May 25 ESPORTS Crash on Market-Making Partner's Abnormal Operations

ESPORTS-12.44%
According to Yooldo's official statement on July 2, the ESPORTS token price collapse on May 25 was caused by abnormal market operations by a market-making partner, not a project-initiated selloff. The team stated that after introducing external OTC and market-making partners for liquidity provision, one partner deviated from agreed trading parameters. While some selling pressure likely stemmed from tokens previously allocated to this partner, tracking the complete fund flow remains difficult due to multiple wallets and platforms involved. Yooldo has since collaborated with exchanges on investigation and implemented liquidity support measures to mitigate market impact.
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