On April 1, according to on-chain data analyst @ai_9684xtpa, the GUN/USDT transactions on Binance always have high-frequency small sell orders from the beginning of this morning to 8 am, with an average of 10 orders every 1 second, about $6 per order, and about $216,000 tokens sold per hour. Currently, GUN's market makers seem to have just withdrawn their bulk sell orders, and the currency price has rebounded slightly.
In addition, according to the research report of Binance New Coin, 2% of the total GUN tokens (i.e. 200 million) are used for liquidity/market making, and are marked "The token has not been distributed to the market maker yet, and additional address information will be provided in the future." However, the address has transferred 191 million tokens at 3 am yesterday.
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