GUA Token Plummets 75% Following 15 Million Token Unlock and On-Chain Sell-Off

On Dec. 11, on-chain analyst Ember (@EmberCN) reported a significant liquidity event involving GUA tokens. Approximately nine hours prior to the report, 15 million GUA tokens, initially valued at $15.2 million, were released from a vesting contract and immediately liquidated on-chain. This massive sell-off triggered a 75% collapse in the GUA token price. The liquidation proceeds were converted into 2,784 ETH, worth approximately $5.66 million, and distributed across three separate wallets. In response to the market volatility, the project team, SUPERFORTUNE, stated that the unauthorized movement of funds appears to be the result of a compromised multisig transaction address. The incident highlights ongoing security risks associated with large-scale token unlocks and multisig wallet management in the decentralized finance ecosystem.