$BNX is a foolish market maker, unable to understand the market trend, trying to push it up, thinking they can create a sky for themselves. The market maker goes against the trend and will die; keep pushing, the more they push, the more retail investors sell. There aren't many retail investors getting on board; the market maker bought a bunch of coins, but it doesn't matter. The main issue is that without retail investors holding, this coin will lose its reliable community, and sooner or later it will lack liquidity.