B Token fell big dump by 40% in 24 hours, and the venture capital partner closing all positions triggered a chain reaction.

According to a report by Jinse Finance, on-chain data analyst Ai Yi reviewed that the Crypto Asset B experienced a big dump of 40% within 24 hours, mainly triggered by three key factors. Adam Cochran, a partner at the venture capital firm CEHV, was the instigator of this big dump, as his two Addresses collectively spent $2.89 million to acquire 10.2 million B Tokens after WLFI announced the purchase, with an average cost of $0.2833. Subsequently, Adam sold all the Tokens in three batches, with an average selling price of $0.2485, resulting in a cumulative loss of $355,000, which caused the coin price to fall by 15%. Immediately after, another address mistakenly associated with WLFI dumped 3.32 million Tokens in a short period, profiting $328,000, causing B Token to further fall by 12.11%. Meanwhile, media reports spread the dumping news, exacerbating market panic, and the price of B Token once fell to $0.1461.