EyeOnChain
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Bullish
Market Makers Under Fire: Is $GUN Being Manipulated?
A pattern of suspicious high-frequency small sell orders has been observed from midnight to 8 a.m., averaging 10 orders per second, each around $6, totaling $216,000 worth of GUN tokens sold per hour.
According to Binance's new coin research report, 2% of GUN’s total supply (200 million tokens) was allocated for liquidity and market making—but the report stated that these tokens had not yet been distributed to market makers. However, on-chain data tells a different story. At 3 a.m. yesterday, 191 million #GUN tokens were transferred from a specific address.
Since then, GUN’s price has dropped to $0.07634, though a batch of sell orders was recently canceled, leading to a slight price rebound.
Is this market #MANIPULATION , or just coordinated liquidity management? Either way, traders are watching closely.
A pattern of suspicious high-frequency small sell orders has been observed from midnight to 8 a.m., averaging 10 orders per second, each around $6, totaling $216,000 worth of GUN tokens sold per hour.
According to Binance's new coin research report, 2% of GUN’s total supply (200 million tokens) was allocated for liquidity and market making—but the report stated that these tokens had not yet been distributed to market makers. However, on-chain data tells a different story. At 3 a.m. yesterday, 191 million #GUN tokens were transferred from a specific address.
Since then, GUN’s price has dropped to $0.07634, though a batch of sell orders was recently canceled, leading to a slight price rebound.
Is this market #MANIPULATION , or just coordinated liquidity management? Either way, traders are watching closely.
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