📢🔔 Crypto market maker Gotbit, founded by Russian trader Alexey Andryunin, has come under fire after selling $4 million worth of WATER tokens, adding to a 70% drop in the token's price.

🔍 Blockchain researchers from Lookonchain claim that wallets associated with the WaterCoin team began actively selling WATER immediately after trading began on decentralized exchanges.

📉 However, Gotbit admitted that he was responsible for selling WATER tokens as the token price dropped, adding that the team made $4 million "as part of market creation operations."

💬 Gotbit claims its role as a market maker is to provide “equal opportunities for all presale investors,” so the firm quickly “reduced the price to a fair level.”

👥 Despite the company's statements, the price of WATER remains 88% lower than its debut price. The WaterCoin team has not made any public statements regarding trading practices.

👇 What do you think about this situation? Share your opinion in the comments!