The Binance Alpha project BSB seems to have experienced a team sell-off causing a token crash, with BSB plummeting 60% late at night

According to GMGN market information, yesterday afternoon, the Binance Alpha project BSB continued to decline, and by midnight at 11 PM, the drop suddenly accelerated, plummeting over 60% in a short time, with the coin price falling from the $0.9 range to a low of $0.32.

The previous day, a suspected team address transferred tokens to the Bybit deposit address, totaling 5 million BSB tokens, with a total value of approximately $3.6534 million. The tokens from this sending address previously originated from the BSB team's multi-signature address. The team has frequently staged sell-offs recently, with the BLESS team, also part of the Binance Alpha project, selling off $5.09 million worth of tokens after a sustained price increase, leading to a price crash. Additionally, team addresses such as LayerZero, AIOT, BIRB, and PUMP have also taken advantage of ample liquidity to sell off some tokens in the altcoin market recently.