Analysis: The suspected official Bedrock LP address has net invested 50 million BR since June 19 to provide liquidity

ChainCatcher news, according to on-chain analyst Ai Yi (@ai_9684xtpa), it has been 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. The operation mainly follows the method of "receiving tokens, selling part of BR for USDT, forming bilateral liquidity, and buying back when the price is slightly lower," with the primary goal of stabilizing the token price to facilitate "volume brushing" and earn transaction fees.

• 5 hours ago, 41.436 million tokens were sold on-chain at an average price of 0.07959 USD, worth 3.298 million USD (there have been previous buying activities, with the purpose of stabilizing the token price)

• Subsequently, 9.27 million BR and 3.427 million USDT were added to Pancake as bilateral liquidity, currently earning 5,412 USD in fees over five hours (with a 0.01% fee tier)