PANews reported on December 2 that according to the on-chain data analyzed by defioasis.eth, the DeBox project plummeted by more than 30% in the past 24 hours, the liquidity of the Uniswap V2 pool was only $2,900, and the total on-chain liquidity was about $10,000. Related operations show that the project funds have abnormal flows:
1. Multi-signature address operation : deboxsocial.eth, which is associated with the official multi-signature address, transferred 2.98 million BOX (worth approximately $90,000) to address 0x2F…9d14 at 3:42 am (UTC+8) today.
2. Fund dispersion and selling : After receiving the tokens, 0x2F…9d14 removed 1.898 million BOX and 17.5 ETH of liquidity (worth approximately $64,500) from Uniswap V2, then sold 170,000 BOX directly on Uniswap and transferred 4.029 million BOX to 0xa0…8D2C.
3. Centralized transfer to exchanges : The 0xa0…8D2C address further dispersed 4.029 million BOX to Bitget (250,000), Gate.io (750,000) and an unidentified CEX address (3.529 million, possibly Bitget). Currently, Bitget and Gate hold 20.65 million BOX and 8.45 million BOX respectively, making them the main exchanges with concentrated holdings.
4. Background and risk analysis : DeBox received $2 million in financing from ABCDE Capital in January 2023, and subsequently received strategic investment from DWF Labs and OKX Ventures . Since the team's KYC should be under control, the possibility of Rug Pull is low, but the liquidity supporting the market value on the current chain is almost exhausted.
