Analysis: The PARTI token plummeted by 63% in a short period of time in the early morning, which may be related to the sell-off by market maker Wintermute.

CoinFeed reported on April 10th that crypto KOL Gorkeu analyzed the 63% plunge in PARTI tokens within a short period, suggesting it might be related to market maker Wintermute. Several hours prior, Wintermute transferred a large amount of PARTI tokens from its hot wallet, triggering a massive sell-off and causing the token price to drop by 63% in a short time. Gorkeu pointed out that Wintermute is one of Binance's market makers and last year similarly liquidated approximately 10 projects simultaneously. Binance data shows that PARTI tokens have now recovered to $0.0492, a 24-hour drop of 44.22%.