On April 1st, according to on-chain data analyst @ai_9684xtpa's monitoring, the GUN/USDT trading pair on Binance had high-frequency small-amount sell orders from midnight to 8 AM, with an average of 10 orders per second, each order around $6, which could sell approximately $216,000 worth of tokens per hour. Currently, the market maker for GUN seems to have just canceled the batch sell orders, causing a slight recovery in token price.
Additionally, according to Binance's new token research report, 2% of GUN's total supply (i.e., 200 million tokens) is designated for liquidity/market making, with a note stating "tokens have not yet been distributed to market makers, and additional address information will be provided later". However, 191 million tokens were transferred from this address at 3 AM yesterday.
