The previous small GUN token sell orders may be automated shipments by Launchpool big players
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According to on-chain analyst @ai_9684xtpa's monitoring, the GUN token has suspicious trading activities. At 3 AM yesterday, a wallet address believed to be a market maker transferred out 191 million GUN tokens. Between early morning and 8 AM, this address continuously sold in high-frequency small amounts, averaging 10 transactions per second at about $6 per transaction, estimated to be selling up to $216,000 per hour. According to @ai_9684xtpa's latest supplement, after discussing with KOL @krystalxmmm, another possibility was raised: the address might be controlled by a large GUN Launchpool holder, using a robot for automatic selling. If this large holder triggers the BNB staking rewards pool's hard cap and continuously mines for 3 days, they could obtain approximately 32 million GUN tokens, which is basically consistent with the selling amount at current prices.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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