Binance: A GPS market maker only sold and did not buy within 21 hours, selling 70 million GPS and making a profit of $5 million

According to the announcement from Binance, the recent abnormal price fluctuation of GPS was directly caused by a certain market maker. The market maker sold approximately 70 million GPS tokens between 13:00 (UTC) on March 4, 2025 and 9:55 (UTC) on March 5, 2025. During this period, the market maker did not place any buy orders. After the spot trading started, the market maker continued to sell the tokens and became the largest beneficiary, earning approximately $5 million in profits. While Binance is conducting an in-depth investigation into this matter, the account of the market maker has been temporarily frozen.