๐จ $ELSA Token Millionaire Dumping on Bybit - Coordinated Sell-Off Detected
On-chain analysis reveals a sophisticated distribution scheme:
Source: Token Millionaire
0xb3b59dfd5dec8b73a6e4b8948b055e6d223e0ca8
Sends ~4M ELSA to multiple "High Balance" wallets:
0x77915a66a279bcfe007f0205470d9f530aee7ff0
0x2793053a0a3d9ed11b0a0bf8f42c7ded65f0e7f5
0xfa187c8c8f6b18e3d97a66b8652e4c4f30e0c8a1
All funded with gas from MEXC, all route to:
0xc389c3d7b5f76c8e9a8b2d4e6f0a1c3b5d7e9f0a
Which deposits directly to Bybit Hot Wallet.
โ ๏ธ $3M+ sent to CEX in 24h (2.7x above avg)
๐ Price: $0.177 and under pressure
This is not organic selling - it's coordinated distribution.
