COINOTAG News reported on March 7th that a recent price fluctuation of GPS tokens was attributed to activities performed by a specific liquidity provider. Between March 4, 2025, at 13:00 (UTC), and March 5, 2025, at 9:55 (UTC), this provider liquidated around 70 million GPS tokens without executing any corresponding buy orders, thus amplifying market volatility. Following the inception of spot trading, the provider persisted in selling their holdings, ultimately positioning themselves as the primary beneficiary with gains nearing $5 million. In light of these developments, Binance has initiated a comprehensive investigation while temporarily suspending the liquidity provider’s account. This incident underscores the importance of monitoring liquidity practices within cryptocurrency markets to ensure fair trading conditions.
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