Binance Alpha’s Bedrock token crashes 50% after whales drain nearly $50m in liquidity
2025-07-09 13:19:30
Main Idea
The BR token listed on Binance Alpha experienced a 50% price drop after 26 addresses withdrew nearly $50 million in liquidity within 100 seconds.
Key Points
1. 26 addresses withdrew $47.59 million in BR token liquidity in just 100 seconds, triggering a price collapse.
2. 13 of these addresses held over $500,000 each in liquidity.
3. BR token's price fell by more than 50% following the liquidity withdrawal.
4. The token is currently trading 44% lower over the past 24 hours.
Description
The BR token, listed on Binance Alpha, halved in price after 26 addresses withdrew almost $50 million in liquidity. The Binance Alpha program prides itself on the supposed thorough vetting of its projects. However, on Wednesday, June 19, one of the program’s tokens, Bedrock ( BR ), fell by more than 50% following a massive liquidity dump. Social media users quickly identified several whale addresses that sold tokens in rapid succession. According to @ai_9684xtpa, 26 addresses withdrew $47.59 mil...
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