Analyst: The sharp decline of BR may not be due to actions from the project team, as there are no abnormal operations from its main liquidity addresses

ChainCatcher news, on-chain analyst @ai_9684xtpa stated that this BR dump does not seem to be an action by the project team: first, regarding motivation, using the example of ZKJ's collapse, this approach is too "blatant." This large-scale volume manipulation seems more inclined towards getting a contract/spot; secondly, regarding data, the project's main liquidity address still holds $4.685 million in liquidity, and the last operation was on July 7, with no actions during the crash.

The three main dumping addresses at the million-dollar level were all newly created two weeks ago. After withdrawing funds from exchanges between June 24 and June 28, they directly began large-scale positions in BR, indicating clear intent and a single source of funds.

The information on the TOP4 dumping address 0x58 is relatively more abundant, with the source of funds traceable back to 2017, having interacted with established trading platforms like Yunbi / Zhongbi / Liqui / YoBit. The methods are no different from the last ZKJ collapse, involving "instant withdrawal of liquidity + large-scale dumping + multi-address coordination," but the investigation is indeed quite challenging.