MEXC seems the exchange where OWL is actively trading where it has a daily average volume of $20,000 or around 1.8M OWL tokens.
I see a bunch of 200,000 OWL buy orders there set at a different price if ever the upper wall is crash.
Is that part of the team's operation buyback? I believed those orders are not owned by the same person or who knows.
We never know the activity on the exchange but maybe the team also contributed to the increase in the daily trading volume, pay attention to the trading history for the purchase of 400+ tokens in every second, but the purchase order volume is lower to maintain the rate above $0.01 and the team should release the latest news to support it an increase in the price of the token when the market recovers.
Buybacks made by the team will eventually be having those kind of announcements which would really be adding up more hype and interest specially for those who are just still observing or have doubts.
Buy orders couldnt really be determine if its owned by the team itself or came from typical investors or traders who had been actively dealing on a certain coin.
Its really hard to point fingers which we know that everything cant really be known on whose behind those huge orders but eventually and we should mind off
that it could be faked out just to drag on some hype and insights of possible pump and might those orders would be pulled again when the price is uprising.