ESPORTS: Project Wallets Dump 253M Tokens

ESPORTS plunged after addresses tied to the project sold 253 million tokens for 17.29 million USDT over 11 hours, representing 28% of total supply and driving a 95% price collapse from $0.7 to $0.035.

Price action on the 4h chart shows a bearish structure with ESPORTS trading at $0.05, well below EMA50 resistance at $0.58 and EMA200 at $0.53. Momentum remains weak as MACD prints a death cross at -0.16 while RSI at 12.61 signals deep oversold conditions inside the Bollinger Bands, with price pinned near the lower band at $-0.03 and upper resistance at $1.15.