DeBox multi-signature associated address suspected of dumping, on-chain BOX liquidity reduced to $10,000

CoinVoice has learned that, according to analyst @defioasis, the DeBox project has dropped over 30% in the past 24 hours, with only $2,900 remaining in the Uniswap V2 pool liquidity, and a total on-chain liquidity of about $10,000.

The address deboxsocial.eth, associated with the official multi-signature, transferred 2.98 million BOX to 0x2F…9d14 today. Subsequently, 0x2F…9d14 first removed 1.898 million BOX and 17.5 ETH in liquidity, then directly dumped 170,000 BOX on Uniswap, and transferred 4.029 million BOX to Bitget Deposit and Gate Deposit via a relay address.

The social platform DeBox secured $2 million in funding from ABCDE Capital last year and received strategic financing from DWF Labs and OKX Ventures this year. [Original link]