B2 (BSquaredNetwork) surged from $0.41 to above $0.9, marking a 120% intraday jump and a 24-hour gain of 83.8%, according to HTX market data cited by BlockBeats on Sept. 19. Soon after the move, on-chain watcher EmberCN said an active market maker transferred 13 million B2, valued at roughly $10.44 million, to Binance Alpha through several wallets about half an hour earlier. EmberCN said those tokens had been withdrawn from other trading platforms one month ago, when B2 was priced at $0.47. Based on the current valuation, the position was sitting on a $4.27 million profit. EmberCN also said one of the wallets used to move B2 to Binance Alpha is linked to an address previously associated with operations in SIREN, leading the tracker to speculate that the same active market maker may also be tied to SIREN, AKE, XPIN and BTR.
BlockBeats reported on Sept. 19 that B2 (BSquaredNetwork) climbed from $0.41 to above $0.9, a 120% jump, while its 24-hour gain reached 83.8%, based on HTX market data.
EmberCN said an active market maker in B2 moved 13 million tokens to Binance Alpha through multiple wallets about half an hour earlier. At the time of transfer, the holdings were worth about $10.44 million.
According to EmberCN, the 13 million B2 had been withdrawn from other trading platforms one month earlier, when B2 was trading at $0.47. On that basis, the batch was showing a profit of $4.27 million at the time it was sent to Binance Alpha.
EmberCN added that one of the wallets involved in the transfer is linked to an address previously associated with operations in SIREN. Based on that connection, the tracker speculated that the same active market maker may also be behind earlier operations involving SIREN, AKE, XPIN and BTR.
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