The official multi-signature address of DeBox is suspected of dumping, and the on-chain BOX liquidity has sharply decreased to 100 thousand US dollars.

According to analyst @defioasis, the address deboxsocial.eth, associated with the official multi-signature, transferred 2.98 million BOX to 0x2F…9d14 at 3:42 UTC+8 today. Subsequently, 0x2F…9d14 first removed 1.90 million BOX and 17.5 ETH in liquidity, then dumped 170 thousand BOX directly on Uniswap, and transferred 4.03 million BOX via the intermediary address: 0xa0…8D2C to Bitget Deposit and Gate Deposit. Currently, the on-chain liquidity of BOX is only about 100 thousand USD, with Bitget being the largest CEX holding 20.65 million BOX. The social platform DeBox secured a 2 million USD investment from ABCDE Capital last year and received strategic financing from DWF Labs and OKX Ventures this year.