The native token of the NFT-based liquidity protocol LENA Network suffered serious losses following a suspicious transfer shortly after its launch.
LENA Network recently launched its native token, LENA. Half a day after token launch project decreased by around 80% happened.
The transfer from the team’s distributor wallet was behind this decrease. According to on-chain data, the distributor wallet in question is a cryptocurrency exchange. $2.9 million to OKX worth 753 Ethereum transferred. Following this transaction, investors withdrew their liquidity on the LENA Network and there were serious sales in tokens.
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