Bedrock Official LP Deposits 50 Million BR Tokens for Liquidity Provision

An on-chain analyst, Ai Auntie, has revealed that a suspected main address of Bedrock official LP, identified as 0x9bd, has deposited a net amount of 50 million BR tokens, equivalent to approximately 4 million USD, for liquidity provision since June 19th. This address has been actively managing its liquidity provision strategy, which involves receiving tokens, selling a portion of the BR for USDT, providing liquidity on both sides, and repurchasing when the price slightly decreases. The primary goal of this strategy is to stabilize the token price, facilitate user "volume boosting," and generate fees.

In a recent transaction, the address sold 41.436 million tokens at an average price of 0.07959 USD, totaling 3.298 million USD. This selling activity was preceded by buying behavior, indicating an effort to stabilize the token price. Following this sale, the address added 9.27 million BR tokens and 3.427 million USDT to Pancake for liquidity provision on both sides. This move has resulted in earning 5,412 USD in fees within a little over five hours, with a fee level set at 0.01%.

This strategic approach by the suspected Bedrock official LP address highlights a deliberate effort to maintain price stability and maximize returns through liquidity provision. By carefully managing the buy and sell activities, the address aims to create a stable environment for users to engage in "volume boosting" while also generating revenue through fees. The net deposit of 50 million BR tokens underscores the significant investment and commitment to this strategy, demonstrating a proactive approach to liquidity management in the cryptocurrency market.