1. Market Maker / Liquidity Provider Bot Activity
Repeated small transactions (e.g. 15.4 units) at the same price are usually bot activity aimed at maintaining market liquidity.
This bot creates buy and sell orders at almost the same price (called "spread") to maintain price stability or make it seem like the market is active.
2. Wash Trading Technique
There may also be indications of wash trading, which is when certain parties buy and sell to themselves (between their own wallets) to create false volume.
The aim is to attract the attention of retail traders or make the token look "very crowded" even though there is actually no real buying interest.
3. Token Distribution After Pump
Price rises drastically +282% and large volume appears = could be a distribution phase.
Early owners or whales start selling gradually in small lots to avoid crashing the price immediately.
Small repeated transactions to keep retail interested in buying, while they are actually exiting their positions.
4. Break Order Strategy (Iceberg Order)
Large orders are broken down into smaller ones by algorithms to avoid standing out in the order book.
For example, 1000 KERNEL is sold gradually in orders of 15.4 to avoid "bombing" the market.
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Conclusion:
> This pattern usually appears in new projects or tokens that are newly listed, especially if there aren’t many strong fundamentals yet. It could be a sign of distribution, bot activity, or even volume manipulation.