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Yooldo blames market maker for ESPORTS token’s 93% crash
Jul 2, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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Yooldo Games says the May 25 collapse of ESPORTS Token was caused by unauthorized selling by a partner market maker, wiping out more than $110 million in market capitalization. The incident highlights crypto risks from third-party liquidity providers and reignites debate over security, governance and liquidity management for token projects and exchanges.
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Yooldo Games released a statement attributing the collapse of ESPORTS Token on May 25 to the unauthorized selling of tokens by a partner market maker. This collapse wiped out more than $110 million in market capitalization for the token and has reignited the debate about how best to manage third-party liquidity providers in token projects....
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In This News
Coins
$ 0.0148
-3.11%Predictions Markets
See what traders are focused on
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