OFFICIAL ANNOUNCEMENT REGARDING THE $CAPS DUMP INCIDENT
The Capshort team issues an official announcement to users regarding the unexpected token price drop on January 19. As previously stated, the Capshort team has spent time investigating and addressing the issue. Please read the following carefully:
1. Cause:
- After listing $CAPS on MEXC, at 8:15 AM UTC, token-claiming activities on two launchpad platforms, Spores Network and Kommunitas, took place.
- Subsequently, at 08:22 AM UTC, two wallet addresses purchased an equal amount of tokens worth approximately 2,857,142 CAPS (equivalent to around $40,000 at IDO purchase registration). They exhibited abnormal behavior by transferring them to a single wallet before moving them to MEXC to initiate the sale of CAPS tokens.
https://bscscan.com/address/0xd23a1bea3830c331e9eceabe805f1a72b88f1ebf#tokentxns
- At 08:28 AM UTC, the same two wallet addresses purchased an equal amount of tokens worth approximately 1,428,570 (equivalent to around $20,000 at IDO purchase registration), converted them to CAPS tokens, and transferred them to a single wallet before proceeding to sell CAPS tokens on MEXC.
https://bscscan.com/tx/0x93140fc2204118a5daf429f0847ec694b333d51d9a59dab1df4e986f7fcfe1ae
- Furthermore, it is noteworthy that numerous wallet addresses purchased tokens, but only one wallet received them. The following wallet received over 1,537,521 CAPS (equivalent to around $20,000 at IDO purchase registration) during the initial claim.
https://bscscan.com/token/0x3a4a04989388eeff16e744fbd80a5b02c0abd560?a=0x156f80f19ec9fbee43caf7e8cec4e9f77a1ce97b
2. Explanation:
- The total $CAPS on the Spores Network amounts to $150,000. Three wallets received funds, with a value of $80,000 at the IDO purchase. Subsequently, this amount was dumped, causing a panic sell-off of CAPS tokens and impacting Capshort's image and reputation.
- Following the transfer of tokens to MEXC and the continuous selling of CAPS by the suspected p