The Binance Alpha project BSB seems to have experienced a team sell-off causing a token crash, with BSB plummeting 60% late at night
By: rootdata|2026/05/01 04:45:04
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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.
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