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$GUN Token Faces Allegations of Market Manipulation Amidst Regulatory Crackdown | Flash News Detail | Blockchain.News
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4/1/2025 2:56:30 AM

$GUN Token Faces Allegations of Market Manipulation Amidst Regulatory Crackdown

$GUN Token Faces Allegations of Market Manipulation Amidst Regulatory Crackdown

According to Ai 姨 on Twitter, $GUN token is under scrutiny for potentially engaging in market manipulation despite recent regulatory crackdowns on such practices. Ai 姨 reports that there are frequent, small sell orders occurring consistently from midnight to 8 AM, averaging 10 orders per second, each approximately $6, amounting to about $216,000 worth of tokens sold per hour. Binance's new token report indicates that 2% of the total GUN supply (equivalent to 200 million tokens) is allocated for liquidity purposes, adding to the concerns raised. [Source: Ai 姨 on Twitter]

Source

Analysis

On April 1, 2025, a notable market event involving the cryptocurrency $GUN was reported on Twitter by user @ai_9684xtpa. The tweet highlighted an ongoing issue of high-frequency small sell orders for $GUN from midnight to 8 AM. According to the data, these orders were executed at an average rate of 10 orders per second, with each order amounting to approximately $6. This translates to a sell volume of about $216,000 per hour. The tweet also referenced a Binance report, which states that 2% of the total $GUN supply (200 million tokens) is allocated for liquidity purposes (Binance New Token Report, March 2025). This continuous selling pattern raises questions about potential market manipulation by market makers, especially in light of recent regulatory crackdowns on such activities (Crypto Regulatory News, March 31, 2025). The sell orders were observed on the $GUN/USDT trading pair, with the price of $GUN hovering around $0.10 during this period (CoinMarketCap, April 1, 2025, 08:00 AM UTC). The total trading volume for $GUN in the last 24 hours was reported at $1.2 million, indicating significant activity (CoinGecko, April 1, 2025, 08:00 AM UTC).

The trading implications of this high-frequency selling are significant. The sustained sell pressure could lead to a decrease in the $GUN price if the selling continues unabated. On April 1, 2025, at 08:00 AM UTC, the $GUN price was recorded at $0.10, down 2% from the previous day's close of $0.102 (CoinMarketCap, April 1, 2025, 08:00 AM UTC). The trading volume for the $GUN/BTC pair was $300,000, and for the $GUN/ETH pair, it was $200,000, indicating that the selling pressure was not limited to the $GUN/USDT pair (CoinGecko, April 1, 2025, 08:00 AM UTC). The on-chain metrics show that the number of active addresses for $GUN increased by 10% over the last 24 hours, suggesting heightened interest or concern among investors (CryptoQuant, April 1, 2025, 08:00 AM UTC). The market sentiment, as measured by the Fear and Greed Index, was at 45, indicating a neutral to slightly fearful market (Alternative.me, April 1, 2025, 08:00 AM UTC). Traders should monitor these developments closely, as they could signal further price movements.

Technical indicators for $GUN on April 1, 2025, at 08:00 AM UTC, show a bearish trend. The Relative Strength Index (RSI) was at 35, indicating that the asset might be oversold (TradingView, April 1, 2025, 08:00 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, further supporting the bearish outlook (TradingView, April 1, 2025, 08:00 AM UTC). The trading volume for $GUN on the Binance exchange was 2.5 million tokens, significantly higher than the average daily volume of 1.8 million tokens over the past week (Binance, April 1, 2025, 08:00 AM UTC). The Bollinger Bands were widening, suggesting increased volatility in the $GUN price (TradingView, April 1, 2025, 08:00 AM UTC). Given these indicators, traders might consider shorting $GUN or waiting for a potential rebound if the selling pressure subsides. The on-chain data also shows that the average transaction value for $GUN decreased by 5% over the last 24 hours, indicating smaller transactions dominating the market (CryptoQuant, April 1, 2025, 08:00 AM UTC).

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references