Analysis: The PARTI token plummeted by 63% in a short period of time in the early morning, which may be related to the sell-off by market maker Wintermute.

PANews reported on April 10th that crypto KOL Gorkeu published an analysis five hours ago, pointing out that the PARTI token's 63% plunge in a short period may be related to market maker Wintermute. Several hours prior, Wintermute transferred a large amount of PARTI tokens from its hot wallet, triggering a massive sell-off that caused the token price to drop by 63% in a short time. Gorkeu noted that Wintermute is one of Binance's market makers and last year similarly liquidated approximately 10 projects simultaneously.

Binance data shows that PARTI token has rebounded to $0.0492, a 44.22% drop in the last 24 hours.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Iranian state media vehemently denied rumors of a trip to Pakistan for negotiations.
PANews Newsflash