The suspected GUN market maker transferred 191 million tokens at 3 a.m. yesterday, and there were high-frequency small sell orders until 8 a.m.

PANews reported on April 1 that according to the monitoring of on-chain analyst @ai_9684xtpa, GUN is suspected of defying the law to crack down on market makers. From early morning to 8 am, there are always high-frequency small-amount sell orders, with an average of 10 orders per second, each order is about 6 US dollars, and about 216,000 US dollars of tokens can be sold every hour.

According to Binance's new coin research report, 2% of the total GUN tokens (i.e. 200 million) are used for liquidity/market making, and it is marked that "the tokens have not yet been distributed to the market maker, and additional address information will be provided later", but the address has transferred 191 million tokens at 3 am yesterday. At present, the price of GUN has fallen to $0.07634. The market maker seems to have just withdrawn the bulk sell order, and the price of the coin has slightly rebounded.