ESPORTS: The sharp decline on May 25 was caused by violations in cooperation by market makers.

According to Odaily, Yooldo posted on the X platform issuing an official statement regarding the significant drop in ESPORTS token price on May 25. The event was not initiated, led, or intended by the ESPORTS team; the team remains committed to building a healthy ecosystem and creating long-term value for the community.

The key findings of the investigation are as follows: The ESPORTS team had previously brought in external OTC and market-making partners to support liquidity and ecosystem development; the investigation found that one of these partners engaged in activities not in line with the team's agreements; based on current information, the team believes that most of the sell-off originated from tokens previously provided to this partner, but as the transactions passed through multiple wallets, counterparties, and exchanges, it is difficult to track full fund flows; the ESPORTS team did not carry out, coordinate, or instruct any market sell-off aimed at causing a price drop. After discovering the issue, the team worked with exchanges and related parties to investigate the incident and restrict further damage; the team has started implementing recovery measures, including liquidity support and bringing in new long-term partners, but still faces ongoing sell-off pressure from the market-making partner and challenges from market activities.

Yooldo also stated that new game updates and additional buyback plans will be announced soon and advised all project founders to cooperate only with reputable and trustworthy market makers.