BR has become Binance Alpha's currently largest token in terms of trading volume, leading the way with a 24H trading volume of 238 million So how does the project party do LP? The following may be a typical microcosm 💁 ♀️ One of the main addresses of the suspected Bedrock official LP 0x9bd... 6b072 has invested a net of 50 million BR (about $4 million) since 06.19 to provide liquidity, basically following the operation method of "receiving tokens > selling part of BR for USDT > group of bilateral liquidity > buying back when the currency price is slightly lower" - the main purpose is to stabilize the currency price and facilitate everyone to "brush volume" and earn a handling fee 😂 by the way 1️⃣ 5 hours ago, 41.436 million tokens worth $3.298 million were sold on-chain at an average price of $0.07959 (of course, there have been previous purchases, this is just an example, the purpose of buying and selling is to stabilize the coin price) 2️⃣ Subsequently, 9.27 million BR and 3.427 million USDT of bilateral liquidity were added to Pancake, and now more than 5,412 USD in fees (0.01% fee level) have been earned in five hours Primary liquidity address
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.