Analysis: The steep drop in BR may be due to non-project-related factors, as no unusual activity has been observed in the mainstream liquidity address.

By: theblockbeats.news|2025/07/09 20:36:47

BlockBeats News, July 9th, on-chain analyst Ai Yi (@ai_9684xtpa) stated that this BR sell-off does not appear to be project team behavior: First, the motivation - with the precedent of the ZKJ crash, such an obvious move is too "brazen." This large-volume wash trading personally seems more inclined to be related to a previous contract/spot; secondly, the data - the project team's main liquidity address still holds $4.685 million in liquidity, with the last operation on July 7th, and there was indeed no activity during the crash.

The three main sell-off addresses in the million-dollar range are all newly created addresses from two weeks ago. After withdrawing funds from the exchange between June 24th and 28th, they immediately started large-scale BR positions, with a clear intent and single source of funds.

Address 0x58 from the TOP4 sell-off addresses has relatively more information. The source of funds can be traced back to as early as 2017, with interactions with established exchanges such as Yunbi/Chinabi/Liqui/YoBit. The methods are no different from the last ZKJ crash - "instant removal of liquidity + large-scale sell-off + multi-address cooperation," but it is still quite challenging to investigate.

In the current context of tightening global regulations, if one can directly enter the market with a partner that has already established a compliance system, obtaining federal license endorsement, the credibility of a listed company, and access to banking cooperation channels, the cost is merely gi...

A Brief History and Future of Perpetual Contracts

Decentralized perpetual contract exchanges, such as Hyperliquid, are replacing traditional derivatives with structural advantages, becoming trillion-dollar financial platforms that attract global assets.

AI Agent Gets ID and Wallet on the Same Day | Rewire News Morning Brief

Agent infrastructure for the economy is forming faster than anyone expected

IOSG: Power Flexibility Paradigm Shift: From Macro Assets to Distributed Intelligence Layer

The power system is being asked to perform a task it was not designed to do.

Murata 35% Price Increase Explained: A Capacitor that Gives AI Empire a Cold

Choosing to raise at this point in time has a clear financial incentive

MiniMax: A Henan County Youth and His 300 Billion

Money, cards, and people were scarce, yet it spurred the highest levels of engineering prowess and architectural innovation.

From Abandoned Project to Sky-High Target, Mastercorp Acquires BVNK for $1.8 Billion

The stablecoin is no longer a competitor to the card networks, but has instead been assimilated into its underlying network as a highly complementary business subset.

Is Polymarket's Pricing Accurate? I Simulated a Crisis with 200 Agents to Find Out

The more participants, the richer the discussion structure, and the more valuable the resulting signal.

A Decade of Regulation Finally Clarified, Victory for Crypto-Native Logic

Three Charts to Explain What's in This 68-Page Document

The United States Establishes the "Five Categories Law" for Cryptographic Assets: A Summary to Understand the New Regulatory Framework

Is the "Wild West" era of cryptocurrency assets officially coming to an end?