Using strategic on-chain transaction peeled from through PancakeSwap. In less than 30 minutes, it increased BANK TAG ownership by a whopping 100%. Arkham, a new blockchain analytics platform, recently kept a watchful eye on the maneuver. The pace of accumulation has contributed to rampant speculation and excitement among the crypto community.

The strategic maneuver was done through PancakeSwap, a popular decentralized exchange (DEX) that operates on Binance Smart Chain. PancakeSwap allows users to trade cryptocurrencies in a truly decentralized manner, without the need for a central intermediary. It deeply integrates with automated market maker (AMM) technology to raise liquidity and simplify trading.

Arkham intelligence closely monitored the transaction. Arkham lets you follow flows of funds to understand cryptocurrency markets, entities, and bad actors’ behaviors. Its platform uses AI to track global blockchain data and deliver users’ actionable intelligence.

The amount of BANK TAG holdings piled up in a very short period of time. Within thirty minutes the opponents’ holdings had doubled — a highly targeted and premeditated strawman strategy. When such a quick accretion is involved, alarm bells ring as to the motivation and ultimate impact of the transaction.

As you can see, the cryptocurrency world has these advancements surrounding BANK TAG on their radar. Much of the discussion has focused on the identity of the unknown privateer making the strategic play, and what their end game might be. Some analysts believe the accumulation may be a precursor to a larger market move. Some of them think it’s a waste while others argue that this is a strategic investment in the future BANK TAG project.

The specific implications of this pace of accumulation are still playing out. Higher concentration of BANK TAG holdings could have harmful consequences regarding token price and governance. OP Market participants should consider the market risks and perform their own due diligence before any investment decision.