New Binance Acquisition from Market Maker: Attention Seized 20 Percent of Altcoin!

Market maker GSR, founded by former executives of Goldman Sachs, attracted attention with its multi-million dollar purchase of altcoins from Binance.

On-chain analytics platform Lookonchain in sharing, market maker GSR CapitalMillions of dollars from Binance Hashflow (HFT) He included what he had accumulated. According to the statement GSR, 1.53 million dollar worth 5.17 million HFTs he bought.

With last purchase GSRa wallet of HFTcirculating supply of 20% he has it in his hand. Current HFT price At $0.309 Considering that GSR is 41.7 million people HFT investment 12.5 million corresponds to dollars.

GSR Capital is currently Binance And coinbase It acts as a market maker and liquidity provider by working with cryptocurrency exchanges such as.

With the purchase from the market maker HFT price also moved. However, the fact that the majority of the supply is in a single wallet is a cause for concern among investors. creating an atmosphere of panic caused. Aforementioned made from wallet of a transfer It is estimated that it may bring a decrease in price.

According to CoinGecko data $0.292 from levels 8.2% with rise to $0.316 accessed by HFT, at the time of writing from $0.309 is being traded.


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