An interesting phenomenon: GSR Markets has been aggressively buying $RSR recently.

Since October, this market maker has accumulated over $30 million worth of RSR, with current holdings reaching 404 million tokens.

It’s worth noting that in the current market climate, most institutions are on the sidelines or even reducing their positions, yet GSR is bucking the trend by increasing its bets on altcoins—clearly, GSR has strong long-term expectations for RSR. The logic behind this move is worth pondering.