The suspected GUN market maker transferred 191 million tokens at 3 a.m. yesterday, and there were high-frequency small sell orders until 8 a.m.

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PANews
04-01
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PANews reports on April 1st that according to blockchain analyst @ai_9684xtpa's monitoring, after a crackdown on market makers' misconduct, GUN appears to be defying regulations. From early morning to 8 AM, there were continuous high-frequency small-amount sell orders, with an average of 10 orders per second, each order around $6, potentially selling approximately $216,000 worth of tokens per hour.

According to Binance's new token research report, 2% of GUN's total supply (200 million tokens) is designated for liquidity/market making, with a note that "tokens have not yet been distributed to market makers, and additional address information will be provided later". However, 191 million tokens were transferred from the address at 3 AM yesterday. Currently, GUN's price has dropped to $0.07634, with market makers seemingly having just canceled batch sell orders, causing a slight price recovery.

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