On-chain analysis suggests the recent high-frequency selling of GUN tokens on Binance perpetual futures may stem from a Launchpool participant. Analyst ai_9684xtpa theorizes a whale might be using bots to rapidly sell their acquired tokens. The analyst estimates a maximum airdrop recipient could have received 32 million GUN tokens during the 3-day Launchpool event. This aligns with the scale of the observed selling pressure. However, Binance's official stance is still pending. Initially, the selling was suspected to be related to market maker activity. Binance has clarified that GUN liquidity has not yet been distributed to market makers, shifting the focus to potential Launchpool participants taking profits. Further investigation is needed to confirm the source and impact on GUN's price stability. ```