PANews reported on December 2 that, according to on-chain data analyzed by defioasis.eth, the DeBox project has plummeted over 30% in the last 24 hours, with only $2,900 remaining in the Uniswap V2 pool liquidity and approximately $10,000 in total on-chain liquidity. Related operations indicate that there has been unusual movement of project funds:
1. Multi-signature Address Operations: The deboxsocial.eth associated with the official multi-signature address transferred 2.98 million BOX (valued at approximately $90,000) to address 0x2F...9d14 at 3:42 AM today (UTC+8).
2. Fund Diversification and Dumping: After receiving the tokens, address 0x2F...9d14 removed liquidity of 1.898 million BOX and 17.5 ETH (valued at approximately $64,500) from Uniswap V2, and then directly sold 170,000 BOX on Uniswap, transferring 4.029 million BOX to address 0xa0...8D2C.
3. Concentrated Transfer to Exchanges: Address 0xa0...8D2C further distributed 4.029 million BOX to Bitget (250,000), Gate.io (750,000), and an unidentified CEX address (3.529 million, possibly Bitget). Currently, Bitget and Gate hold 20.65 million BOX and 8.45 million BOX, respectively, as the main concentrated holding exchanges.
4. Background and Risk Analysis: DeBox received $2 million in funding from ABCDE Capital in January 2023, followed by strategic investments from DWF Labs and OKX Ventures. Since the team's KYC should be known, the possibility of a Rug Pull (exit scam) is relatively low, but the on-chain liquidity supporting the current market capitalization is nearly exhausted.