Analysis: The address that previously exchanged 1.52 million HOLO for 1,013 BNB is a market maker wallet

Jinse Finance reported, according to monitoring by Lookonchain, it has been confirmed that wallet address 0x3723 does not belong to a certain KOL investor, but is actually a market maker wallet. Twenty hours ago, this wallet exchanged 1.52 million HOLO tokens for 1,013 BNB (worth $915,000). This operation was carried out when HOLO was trading at a 15% premium on BNB Chain, most likely to stabilize its price.