The cryptocurrency BR, one of the most-traded tokens on the Binance-affiliated Alpha platform, lost more than half its value on Wednesday after a wave of wallets rapidly withdrew liquidity and dumped holdings, according to on-chain analytics firms. Blockchain data show 26 addresses pulled about $47.6 million in liquidity—roughly 20% of BR’s circulating supply—in less than two minutes. The withdrawal was followed by sales from at least three wallets off-loading more than $1 million each and a further 13 wallets selling over $500,000 apiece, creating an abrupt liquidity shortfall that sent the token tumbling by about 50%. Separate calculations indicate as many as 45 wallets removed 203.77 million BR tokens valued at about $25 million, pushing the price decline to roughly 58%. Overall liquidity on BR’s largest pools slid from above $60 million to around $14.6 million within minutes. The episode underscores the vulnerability of lightly regulated digital-asset markets to coordinated or cascading withdrawals, with market depth proving insufficient to absorb large-scale sales. Binance and the Alpha platform had not issued statements on the incident at the time of publication.