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ESPORTS token crashes over 90% after massive selloff linked to DWF Labs triggers market turmoil

Market News
25 May 2026
Crypto news
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Bearish
pluang ai news

The ESPORTS token lost more than 90% of its market value in under two hours following a large selloff of about 178 million tokens worth nearly $12.76 million. The selling pressure, partly routed through Kraken addresses linked to DWF Labs, caused a sharp price collapse and raised concerns about market manipulation and liquidity risks in gaming tokens. This event highlights the vulnerability of thinly traded tokens reliant on aggressive market makers like DWF Labs, which has faced previous allegations of price manipulation. The crash is expected to increase scrutiny on gaming token listings and risk models, potentially limiting new esports-related token offerings in the near future.

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