Suspected GUN market maker transferred 191 million tokens at 3am yesterday, with high-frequency small sell orders remaining until 8am

PANews
PANews|Apr 01, 2025 03:00
According to on chain analyst @ ai_9684xtpa monitoring, we have just cracked down on market makers for their wrongdoing, GUN seems to be committing a crime against the wind. There are always high-frequency small selling orders from dawn to 8am, with an average of 10 orders per 1 second for about $6 each, and approximately $216000 worth of tokens can be sold per hour. According to the Binance New Coin Research Report, 2% of GUN's total tokens (i.e. 200 million) are used for liquidity/market making, and are marked as "tokens have not been distributed to market makers yet, additional address information will be provided in the future". However, the address has already transferred 191 million tokens at 3am yesterday. At present, the price of GUN has fallen to $0.07634, and it seems that market makers have just cancelled bulk sell orders, resulting in a slight rebound in the price.
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