Like fdusd and the earlier wbtc, they are all done by market makers. In a bull market, who would believe that wbtc could drop to over 30,000? Recently, there have been signs of this happening with bnb as well.

Now I can understand why before, market makers or studios spent 8 to 12 million US dollars to buy shells on Binance. Look at this needle $OM , it directly smashed out 120 million in transaction volume.

The most frightening thing is that many peers have met the team in Hong Kong before, and the market makers are also from Mingpai Hong Kong. From previous VC, OTC, and secondary investment rounds, many people should also be on this train.