GSR Markets suspected of LSK market making: 9.2M tokens worth $6.52M
- —9.2M LSK worth $6.52M transferred from a multisig wallet
- —2M LSK deposited to GSR's deposit address on Binance
- —A similar operation was conducted nine months ago
- —LSK fell to $0.5084 after rising to $2.37 over the weekend
Why it matters: The GSR-LSK link points to possible market making and a manipulative pump-and-dump in the token, raising risks for holders.
Source: PANews