Suspected ARIA manipulators sell $5.4M in tokens, causing 91% crash

Addresses suspected of manipulating the price of ARIA sold 45.64 million ARIA for 5.42 million USDT around 4:00 p.m. UTC on April 14, triggering a 91% price crash, EmberCN reported. The token, which had recently surged, saw its price plummet from $1.01 to $0.09, with its market capitalization falling from $315 million to $38.5 million. EmberCN noted that the tokens involved in the sell-off were withdrawn from Gate.io to eight private addresses three weeks ago, at the beginning of ARIA's recent price surge.