GSR Markets Suspected as LSK Market Maker

On-chain data suggests that GSR Markets may be acting as a market maker for LSK. A multi-signature address transferred 9.2 million LSK ($6.52 million) to another address, with 2 million LSK subsequently deposited into a Binance address associated with GSR. LSK recently experienced a sharp rally to $2.37 before plummeting to $0.5084, marking a 78.5% decline in market capitalization.