$170,000 dumped within 28 seconds, the Alpha trap behind LISA's 76% flash crash

2026-01-12 04:24:43

LISA plummeted 76% within 24 hours, dropping from $0.165 to $0.039. According to on-chain analyst monitoring, three Alpha users sold $170,000 worth of LISA in three transactions within 28 seconds from 10:22 to 10:22:36, directly triggering a rapid decline in the token price. This is not just simple market fluctuation but a classic “raise then cut” scheme—using the 4x trading rewards on the Alpha platform to attract大量刷分用户, then smashing the market at a critical moment to harvest.

Precise Timeline of Whale Dumping

Based on on-chain data, the details of the three sell transactions are as follows:

Transaction No.	Time	Sell Amount	Single Transaction Size
First	10:22:28	$39,540	23,000 LISA
Second	10:22:36	$45,540	27,000 LISA
Third	10:22:36	$85,668	50,000 LISA
Total	28 seconds	$170,748	Average ~$570,000 per transaction

This timing is critical—completing three transactions within 28 seconds indicates a planned operation rather than random selling behavior.

The Double-Edged Sword of 4x Rewards

The reason LISA could attract大量参与者 in such a short time is primarily due to Binance Alpha platform’s 4x trading volume rewards. Originally intended to incentivize trading, this mechanism has become a tool for project teams to harvest.

Community feedback indicates that during the 4x reward period,大量用户持续用$300-$500的小额刷分，预计还剩7天结束。然而，大户砸盘后会引发连锁反应：

大户抛盘导致币价快速下跌
刷分用户看到亏损，恐慌抛售
恐慌性抛售进一步加剧下跌
价格螺旋式下行，最终崩盘

这正是快讯中提到的“Whale dumps trigger大量刷分用户恐慌性抛售”的现象。

新项目的收割模式

LISA是2025年12月15日上线的新项目，距离现在不到一个月。从上线到崩盘的时间线显示出明显的“养蛊”特征：

前期稳定币价，吸引Alpha用户参与
利用4倍奖励周期（30天）麻痹用户神经
在周期即将结束时（还有7天），精准砸盘收割
用户损失惨重，项目方获利丰厚

社区用户的评论验证了这一点：“先稳定币价，把刷分用户养成习惯，麻痹掉你们的神经，再挑个良辰吉日一把收割。”这种模式在Alpha平台上反复出现，甚至有用户提到“自从4倍积分上线后，一直有项目利用30天周期反复接棒收割”。

风险警示

此次事件反映出几个值得关注的问题：

项目质量参差不齐：Alpha平台上线的新项目风险极高，不能仅因奖励丰厚就盲目参与
机制设计漏洞：4倍奖励虽提高交易活跃度，但也为大户砸盘提供了完美时机
信息不对称：个人用户难以预判大户操作，只能被动承受风险
恐慌效应：一旦大户抛盘，刷分用户恐慌抛售会放大跌幅，形成负反馈

总结

LISA的闪崩不是偶然，而是一个精心设计的收割过程。28秒内17万美元的抛盘看似突然，实际上是在4倍奖励机制和新项目吸引力的双重诱导下的必然结果。对于Alpha平台的参与者来说，高收益伴随高风险已成定律。在参与类似项目时，应更谨慎评估项目价值，而非仅被奖励机制所吸引。未来类似事件可能持续发生，直到平台改善项目筛选机制或调整奖励规则。

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