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
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
