Binance: A certain GPS market maker sold only and did not buy within 21 hours, selling 70 million GPS for a profit of 5 million dollars

ChainCatcher news, according to a Binance announcement, the recent abnormal price of GPS was directly caused by a certain market maker. The market maker sold approximately 70 million GPS from March 4, 2025, 13:00 (UTC) to March 5, 2025, 9:55 (UTC).

During the aforementioned period, the market maker did not place any buy orders. After spot trading began, the market maker continued to sell tokens, becoming the largest profit maker, with profits of about 5 million USD. While Binance is conducting an in-depth follow-up investigation on this matter, the account of the market maker has been temporarily frozen.