Bedrock (BR) Token Tanks 50% on OKX Following Massive Sell Pressure

The price of the Bedrock (BR) token dropped sharply after a wave of large liquidity withdrawals on OKX. In less than two minutes, the token lost half its value due to rapid sell-offs.

According to data from OKX’s liquidity section, 26 addresses collectively pulled out $47.59 million in just 100 seconds. Among them, three wallets executed million-dollar withdrawals, while 13 others each removed over $500,000.

Main BR Liquidity Wallet Untouched

Before the crash, BR token liquidity was over $60 million. After the event, only $14.56 million remained.

Consequently, the sharp decline triggered an instant price collapse. The pace and coordination of the withdrawals suggest it was not a random sell-off.

However, on-chain data shows that the main liquidity wallet linked to the BR project remained untouched. The wallet, which holds about $4.69 million, had no activity during the event and was last active on July 7.

This has led analysts to believe the sell-off likely did not come from the project team. They argue such a move would have been too obvious, especially considering past token crashes like ZKJ.

Was the BR Crash Manipulated?

Further investigation revealed that the top three addresses involved in the crash were created recently. These wallets appeared between June 24 and June 28 and quickly withdrew funds from exchanges.

Shortly after, they began purchasing large amounts of BR tokens. The speed and similarity in behavior suggest a single funding source and a coordinated strategy.

In contrast, one of the largest-selling wallets had a much deeper history. Blockchain records indicate that it has been active since 2017 and has interacted with early cryptocurrency exchanges, including Yunbi, Zhongbi, Liqui, and YoBit.

Notably, the background of this wallet points to experienced market participants rather than new users. Its involvement has raised concerns about potential market manipulation.

So far, neither the BR team nor OKX has issued an official statement. Still, the incident has sparked wider discussions about transparency and liquidity risks in centralized exchange markets.

Observers are monitoring the situation closely. Many expect further analysis to determine whether this was a coordinated attack or a strategic exit.

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