$CHIP CHIP Development Team Unexpectedly Unlocks 75 Million Tokens, Intensifying Selling Pressure
In the past 24 hours, CHIP has dropped 18%, with nearly $1 billion in trading volume but a drop of over 22%, a bad sign for altcoins as high liquidity often signals a deep correction.
CHIPUSDT
Perp
0.07014
-2.13%
🔸 The USDAI team (0xE237) has just unlocked 75 million CHIP tokens (worth $5.93 million) into their internal wallet (0xB9f1). These tokens may soon be transferred to exchanges.
🔸 CHIP had previously increased 3.5 times in just 5 days, but then plummeted under continuous selling pressure.
🔸 If you are still holding CHIP, closely monitor the team's actions to react promptly and avoid potential losses.
Do you think this is a dangerous "pump/dump" signal? Will the chip be able to recover after this unlock?
News is for reference, not investment advice. Please read carefully before making a decision.
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