The ESPORTS token from Yooldo Games is under heavy selling pressure, falling over 10% in the last 24 hours, now trading near $0.40. This drop came write after token price jump 92% in a month.
The sudden drop has left many traders questioning what triggered this decline, and where the ESPORTS price could head next.
One of the biggest reason behind the drop is heavy profit-taking. Many traders who bought ESPORTS at lower levels are now selling to secure gains, creating strong downward pressure.
Whale activity has made the situation even worse. A large holder reportedly dumped around 2 million tokens, worth nearly $800,000, causing a 5 to 10% price impact in a very short time due to thin liquidity.
Another contributor to the decline is the recent large token unlock. On November 20, 2025, around 41.91 million ESPORTS tokens (worth nearly $15.4 million) entered the market.
This new supply brought a huge dilution impact. When more tokens enter circulation without equal buying demand, the price naturally falls and that’s exactly what’s happening with ESPORTS right now.
The price drop also triggered long position liquidations on futures markets. An 11.90% dip on Bitget sparked a chain reaction that wiped out leveraged traders.
In the last 24 hours, about $124.86K worth of positions were liquidated, with $237 lost in just one hour, accelerating the sell-off.
Additionally, the Crypto Fear & Greed Index sits at 28 (Fear), showing that traders are cautious and more likely to sell than buy during volatility.
The ESPORTS token has seen extreme volatility recently, but overall sentiment is still bullish after a strong 92% monthly rally that pushed the price to $0.519.
Despite the latest drop, technical indicators still show strength. The RSI is at 54, sitting near neutral, which suggests the token still has room to move higher. The MACD is also neutral, indicating neither strong bullish nor bearish momentum at the moment.
As of now, ESPORTS is trading near $0.40, analysts expect a possible retest of the $0.51 resistance zone. However, if bulls fail to push the price above that level, the token may pull back toward $0.37 in the short term.
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