ESPORTS dumping address sells another $1.5M in tokens

The address responsible for causing a more than 90% crash in the ESPORTS token has sold an additional 35.13 million ESPORTS, worth $1.5 million, over the past three hours, according to an analysis by Lookonchain. The on-chain analytics firm added that the sell-off is ongoing and that the address had previously dumped 22.73 million ESPORTS for approximately $987,000. Lookonchain raised suspicions of a rug pull following the token dump and subsequent price collapse, which began yesterday evening. In response, ESPORTS token issuer Yuldo Games stated that it is investigating the cause and details of the crash and will announce its findings upon completion. According to CoinMarketCap, ESPORTS is currently trading at $0.04277, down 93.85% over the past 24 hours.