🚨 90% wiped out overnight! ARIA whale dumps the order book in the early morning, a $500 million market value instantly halved

In the early morning, the crypto market once again saw a “flash-crash-style sell-off.”
On-chain monitoring data shows that suspected ARIA-related addresses concentrated their sell-offs in the early morning today, offloading about 45.64 million ARIA tokens in total, exchanging for approximately 5.42 million USDT, with an average execution price of about 0.12 US dollars.
📉 The market then immediately saw a cliff-like drop
Due to the heavy sell pressure, the ARIA price quickly fell from about $1.01 to a low of roughly $0.09, with the decline exceeding 90% in a short period.
At the same time, the project’s circulating market value also sharply plunged from about 315 million US dollars to about 38.5 million US dollars, dealing a noticeable blow to market confidence.
🔎 On-chain fund flow
Data shows that this batch of dumped tokens was transferred out of the exchange Gate and sent to on-chain wallets via 8 wallet addresses about three weeks ago. Now, the sudden concentrated selling has sparked speculation that large holders are withdrawing funds or that early positions are being cashed out.
📊 Market observation
In the crypto market, when there is large-scale concentrated selling plus concentrated on-chain holdings in addresses, price movements are often rapidly amplified.
This kind of market usually comes with three signals:
Whale funds begin to realize profits
The market lacks sufficient liquidity to absorb the sell pressure
Panic triggers a chain reaction of further declines
Therefore, the distribution of on-chain tokens and the moves of large holders are often more worth watching than short-term price changes.
🌱 A word to investors
In a bull market, making money takes courage;
In a choppy market, surviving depends on discipline.
There will always be new opportunities in the market, but your principal only comes once.
Learn to respect risk, and you can go further in this market. 🚀#WCTC交易赛瓜分800万USDT #Gate13周年 #加密市场回升 $FUN $NOM