Bedrock's Liquidity Strategy Involves Significant BR Token Transactions

According to BlockBeats, on-chain analyst Ai Yi has reported that a suspected major liquidity provider address for Bedrock, identified as 0x9bd, has been actively involved in liquidity operations since June 19. The address has netted 50 million BR tokens, valued at approximately $4 million, to provide liquidity. The strategy involves receiving tokens, selling a portion of BR for USDT, forming bilateral liquidity, and repurchasing BR when prices are slightly lower. This approach aims to stabilize the token price, facilitate user transactions, and earn fees. Five hours ago, the address sold 41.436 million tokens at an average price of $0.07959, totaling $3.298 million. This transaction follows previous buying activities, all intended to stabilize the token price. Subsequently, the address added 9.27 million BR and 3.427 million USDT to PancakeSwap as bilateral liquidity. Over five hours, this operation has generated $5,412 in fees at a 0.01% fee level.