$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]
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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_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references