Three Wallets of the same entity have been dumping $8.66 billion $REEF within the past 2 hours, causing a 48.28% drop. gate News: According to on-chain analyst Spot On Chain monitoring, three Wallets (one entity) seem to have panic-dumped 866 million REEF (2.07 million USD) to multiple exchanges in the past 2 hours, resulting in a loss of 2.53 million USD (-55%). According to gate data, $REEF has dropped by 48.28% in the past 24 hours, with a current price of $0.002206, a market capitalization of $50.67M, and a 24-hour volume of $286.23M.

$REEF price pump by 16.75%, which may be related to the major improvements made by the developers recently. gate News: $REEF's recent Rebound may be related to significant improvements made by developers. In addition to launching a new community developer fund to incentivize developers in the ecosystem, developers have also collaborated with the blockchain bridge solution VIA Labs. Additionally, Hydra Coi is building the first Non-fungible Token battle card game on Reef Chain. According to CoinCarp, $REEF currently has nearly 23,000 holders. gate data shows that the price of $REEF has pumped 16.75% in the past 24 hours, with the current price at $0.008423, a market cap of $188M, and a 24-hour volume of $62.76M.