Analysis: The suspected official Bedrock LP Address has net invested 50 million BR since June 19 to provide Liquidity.
According to ChainCatcher news, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that one of the suspected official LP main addresses, 0x9bd, has net invested 50 million BR (approximately 4 million USD) since June 19 to provide liquidity, essentially following the operational method of "receiving tokens, selling part of BR for USDT, forming bilateral liquidity, and repurchasing when the coin price is slightly lower," with the main purpose of stabilizing the coin price to facilitate everyone's "wash trading" and earn transaction fees.
· Sold 41.436 million Tokens on-chain at an average price of 0.07959 USD 5 hours ago, valued at 3.298 million USD (there was previously buying activity, and the purpose of the buy and sell was to stabilize the stablecoin price)
· Subsequently added 9.27 million BR and 3.427 million to Pancake.