ESPORTS operator Yooldo Games announced via its official X account regarding the recent sharp decline of ESPORTS, stating, "We are fully aware of the market volatility. We are actively investigating the cause and details of the sharp decline, and we will make an announcement as soon as the investigation is complete." According to CoinMarketCap, ESPORTS is trading at $0.05639, a 92.2% drop in the last 24 hours. It was also investigated that an address associated with the ESPORTS deployer (distributor) deposited ESPORTS worth $13.9 million to Kraken just before this sharp decline.