On-chain analyst ai_9684xtpa said GSR Markets is likely the market maker behind sharp swings in Lisk (LSK), which rose from around $0.1 to above $2 before retreating as low as $0.3. About six hours earlier, 9.2 million LSK worth approximately $6.52 million moved from a multisignature wallet beginning 0xCAa to an anonymous wallet beginning 0x9c7; 2 million LSK was then deposited into an address identified as GSR’s Binance deposit wallet. A similar flow pattern was detected nine months earlier. LSK briefly reached $2.37 over the weekend and was recently trading near $0.5, while its market capitalization remained 78.5% below its peak.