$AIOT Market Maker Moves Again—Raises Sell Targets as Shorts Pile In

The suspected #AIOT market maker is back in action—this time with a subtle yet strategic shift.

Roughly 14 hours ago, the address 0x5d639f0f9ad0da557fec2c5e53d7effa98f6f892 used 11.27 BNB (worth around $6,734) to scoop up 6,734 AIOT tokens, signaling a renewed but cautious interest. At the same time, it withdrew previously supplied bilateral liquidity and recalibrated its strategy with a set of higher-range, one-way limit sell orders:

930,000 AIOT set to sell between $1.1906–$1.2097

1.05 million AIOT at $1.2897–$1.3096

835,000 AIOT listed at $1.3901–$1.4099

The takeaway? The market maker seems to be betting on a significant price rebound—setting the lowest sell at $1.1906, which is over 3.2x the current price.

However, there's a twist: Binance’s $AIOT contract just flipped to a negative funding rate for the first time, signaling rising bearish sentiment and increased short activity.

Eyes on this one—it’s shaping up to be a battle between strategy and sentiment.