BR has become the largest token by trading volume on Binance Alpha, with a 24H trading volume of 238 million leading the way. How is the project team managing LP? The following may be a typical example.
One of the suspected main addresses of Bedrock's official LP, 0x9bd...6b072, has net invested 50 million BR (approximately 4 million USD) since June 19 to provide liquidity, basically following the operation method of "receive tokens > sell part of BR for USDT > provide bilateral liquidity > buy back when the price is slightly lower" — the main goal is to stabilize the token price for everyone to "pump volume" and earn some fees along the way 😂
1️⃣ 5 hours ago, 41.436 million tokens were sold on-chain at an average price of $0.07959, valued at 3.298 million USD (of course, there have been buying actions before; this is just an example, with the buying and selling purpose being to stabilize the token price).
2️⃣ Subsequently, 9.27 million BR and 3.427 million USDT were added to Pancake for bilateral liquidity, earning $5,055 in fees (at a 0.01% fee level) in the past five hours.
Main liquidity address: 0x9bd58b023ac5a8cb2cdd80d6d0508acbcb66b072