According to Odaily, a wallet associated with the Beercoin team has been selling off BEER, leading to a significant drop in its price. The value of BEER has plummeted by over 60% today. This wallet received 88.8 billion BEER from the Beercoin project team's wallet 8VY4LF. In the past two days, it has sold 87 billion BEER for a price of 1 million USD.
The sudden sell-off by the wallet linked to the Beercoin team has caused a significant impact on the market. The sharp drop in the price of BEER is a direct result of this large-scale sell-off. The details of the transactions and the reasons behind this sudden decision to sell such a large amount of BEER are not yet clear.
This incident has raised concerns among investors and stakeholders in the Beercoin project. The future of BEER and its market performance will be closely watched in the coming days.
