Event description #REX

Starting from October 1st, due to B-t facing liquidation, B-t requires the project team to allocate excess liquidity depth for the token and place it on the watchlist.
On October 6, the team detected abnormal sell orders for B-t. The daily trading volume reached 630 million, far exceeding the previous daily average of less than 100 million. Market makers absorbed over 1% of the total sell order pressure.
On October 7th, the team observed continued selling, leading to a price drop that broke through the liquidity depth maintained by market makers. To stabilize the daily price, the team planned to replenish their positions at the end of the trading session. However, around midnight UTC+8, a series of large directional sell orders suddenly appeared on the order book, seemingly aimed at forcing the team to buy.
According to past market-making experience, B-t has never experienced such abnormal selling pressure. Moreover, at that time, the token price had already fallen to a historical low. Given that the daily purchasing power remained basically flat, this aggressive selling and deliberate ordering behavior is inconsistent with normal investor behavior.
We have reason to suspect that someone inside the exchange may know that the project team needs to maintain liquidity and price stability, and therefore is recklessly selling tokens at any cost.
The team has collected relevant evidence and is currently communicating with B-t for further investigation.