Ember: The GoPlus tokens are redistributed to market makers after being transferred to Binance, making it difficult to identify the market makers who sold 70 million tokens

ChainCatcher news reports that, according to Ember monitoring, the market speculates that a market maker has sold 70 million GPS, but it is currently difficult to confirm which market maker it is. On the day GPS was launched, the project transferred 800 million GPS to Binance.

According to GoPlus, 500 million GPS have a clear allocation: 300 million as HODLer rewards and 200 million planned for future marketing (this portion has been transferred from the Binance wallet to a separate wallet for storage). It is speculated that the sell-off may involve a portion of the 300 million tokens allocated to market makers.

Since GoPlus does not directly allocate tokens to market makers on-chain, but first transfers the tokens to Binance before allocation, it is impossible to determine which market maker it is through wallet transaction traces.