Analysis: The suspected official Bedrock LP Address has net invested 50 million BR since June 19 to provide Liquidity.

According to ChainCatcher news, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that one of the suspected official LP main addresses 0x9bd has net invested 50 million BR (approximately 4 million USD) since June 19 for providing liquidity. The operation mainly follows the method of "receiving tokens, selling part of BR for USDT, forming bilateral liquidity, and buying back when the coin price is slightly lower," with the main purpose of stabilizing the coin price to facilitate everyone to "wash trading" and earn transaction fees. · Sold 41.436 million Tokens on-chain at an average price of 0.07959 USD 5 hours ago, worth 3.298 million USD (there was also a previous buying activity, the purpose of buying and selling was to stabilize the stablecoin price) · Subsequently, added 9.27 million BR and 3.427 million USDT of bilateral liquidity to Pancake, currently earning $5,412 in fees over five hours (0.01% fee tier)