edgeX Finance transfers 50 million USDC to the market maker, which will be used for TGE market making or buybacks.

ZkProver · 2026-03-28T11:20:52+00:00

According to Ember Monitoring, edgeX Treasury reduced 50 million stablecoins within a day, dropping to $140 million. Wallets like Amber Group transferred this portion of USDC cross-chain to edgeX, possibly for market making or token buybacks.

ZkProver

2026-03-28 11:20:52

Abstract generation in progress

ChainCatcher news, according to Ember monitoring, edgeX’s treasury recently decreased by 50 million stablecoins, dropping from 190 million dollars to 140 million dollars.

Through on-chain investigation, Ember discovered that two wallets, including the market maker Amber Group, transferred the corresponding 50 million USDC cross-chain to edgeX. The receiving address 0xc8B…783 currently holds approximately 75 million USDC on edgeX. Ember speculates that this portion of USDC may be used for market making during the TGE or for token buybacks.

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