TechFlow news, April 1 — According to on-chain analyst Ai Yi (@ai_9684xtpa), 200 million GUN tokens (2% of total supply) originally allocated for liquidity and market-making in the GUN project appear to have been abnormally transferred. Yesterday at around 3 a.m., 191 million GUN tokens were moved from the relevant address. These tokens had not yet been distributed to market makers, as stated in Binance's new token research report.
In addition, analysts noted that between midnight and 8 a.m., frequent small sell orders emerged, averaging about 10 transactions per second, with each transaction amounting to approximately $6, resulting in roughly $216,000 worth of tokens sold per hour. Affected by this activity, the price of GUN dropped at one point to $0.07634.
