Analyst: The high-frequency sell orders from GUN may also be due to Launchpool whales setting up automatic coin selling

ChainCatcher news, on-chain data analyst @ai_9684xtpa posted on social media that the previously disclosed situation of "high-frequency small sell orders for the GUN/USDT trading pair on Binance" may also be due to a large holder participating in the Launchpool setting up a bot to automatically sell tokens.

Based on the previous sell orders, the hourly sell-off amounts to $216,000 worth of tokens, totaling $2.592 million over 12 consecutive hours; if this large holder triggers the BNB reward pool cap and mines for 3 days, they could indeed receive the corresponding 32 million tokens.

Previous report, according to on-chain analyst @ai_9684xtpa's monitoring, at 3 AM yesterday, an associated address of the GUN project transferred out 191 million GUN tokens (about 2% of the total supply), which were originally intended for liquidity/market making. Subsequently, until 8 AM today, the token has continued to see high-frequency small sell orders, averaging about 10 transactions per second, with each order around $6, estimating an hourly sell-off amount exceeding $210,000.