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$ATH - @FlowTraders ' Movements to CEX Exchanges 🧵 (powered by iCrypto.ai)
This #DePIN token was listed just yesterday, and in less than 24 hours, the price has increased by 65%. @AethirCloud
Before the listing, the Flow Traders market-making team was allocated 111.6M $ATH ~ $10.7M from the project wallet yesterday.
Currently, this wallet continuously deposits to exchanges like @okx, @Bybit_Official, and @bitgetglobal to provide liquidity for traders. The wallet still holds 29.6M $ATH ~ $2.75M.
Providing liquidity is a service that MMs offer to attract buyers and prevent price volatility. For newly listed tokens like $ATH, Flow Traders will likely earn the spread between exchanges and project fees, rather than actively trying to push up the price.
