ChainCatcher Message, the DeBox project has experienced significant market volatility in the past 24 hours, with a price drop of over 30%. Currently, the liquidity in the Uniswap V2 pool is only $2,900, with total on-chain liquidity of about $10,000, indicating a decline in market confidence in the project.

A large-scale token transfer was made from the address deboxsocial.eth, associated with the DeBox official multi-signature, transferring 2.98 million BOX to the address 0x2F…9d14. Subsequently, this address removed liquidity of 1.898 million BOX and 17.5 ETH, and sold 170,000 BOX on Uniswap, while the remaining 4.029 million BOX were transferred to deposit addresses on Bitget and Gate.

It is worth noting that DeBox previously secured $2 million in funding from ABCDE Capital and received strategic financing from DWF Labs and OKX Ventures this year. However, the current market trends may pose challenges to its future development.