A significant sell-off of GUA tokens has led to a dramatic 75% drop in its price. On-chain analyst Ember reported that 14.981 million GUA tokens, valued at approximately $15.18 million, were unlocked and transferred from the unlock contract nine hours ago. These tokens were subsequently sold on-chain, resulting in a steep decline in GUA's market value.
The sale of the unlocked tokens was executed in exchange for 2,784 ETH, equivalent to about $5.66 million. The proceeds were then distributed across three separate wallets. This large-scale transaction has significantly impacted the GUA token's market performance, highlighting the volatility and risks associated with token unlock events.
GUA Token Price Plummets 75% Following Massive Token Unlock and Sale
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