According to ChainCatcher, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that one of the suspected main official LP addresses, 0x9bd, has made a net contribution of 50 million BR (approximately $4 million) since June 19 to provide liquidity. The address generally follows the strategy of "receiving tokens, selling part of the BR for USDT, forming dual-sided liquidity, and buying back when the token price dips," with the main goal of stabilizing the token price to facilitate "wash trading" and earning transaction fees.
· Five hours ago, 41.436 million tokens were sold on-chain at an average price of $0.07959, totaling $3.298 million (there have also been previous purchases, with both buying and selling aimed at stabilizing the token price)
· Subsequently, 9.27 million BR and 3.427 million USDT were added as dual-sided liquidity on Pancake, earning $5,412 in fees in just over five hours (at a 0.01% fee tier)