$DN ● Inconsistent words and actions: The official says third parties are selling, but on-chain data shows the team is selling.

● Insider selling: Tokens worth $1.5 million are transferred from the team wallet and dumped on exchanges, a typical insider cash-out behavior.
● Complex narrative: That lengthy statement is very convoluted, trying to use complex financial terms (collateral, liquidity providers, market makers) to hide the fact that the “team is dumping on their own.”

Advice to everyone:
1. Don’t hold illusions: Don’t believe the promises of “recovering funds and destroying tokens.” The current decline is mainly due to internal personnel leading the sell-off, and trust has already been broken.
2. Beware of the “buyback” trap: If the project team later initiates a “USDT buyback” activity, do not participate. It could be a scam to harvest the last bit of liquidity.
3. Psychological preparation: Projects involving internal personnel’s moral risks are extremely difficult to recover from. They are likely to remain sluggish or continue to decline.

On-chain data is more real than word games. The team leading the dump and then blaming third parties is a very malicious manipulation behavior.