50 million USDC tokens have moved from @edgeX_exchange's treasury into edgeX. Is this for market making or buyback ahead of the $EDGE TGE in 3 days?


1⃣ Data from defillama shows that the edgeX treasury has decreased by $5000 million stablecoins over the past day, from $190 million to $140 million.
defillama data:
2⃣ I checked on-chain and found that two wallets, including market maker Amber Group, transferred this 50 million USDC cross-chain into edgeX. The recipient address 0xc8B...783 currently holds about 75 million USDC on edgeX.
USDC transferred into edgeX:
Addresses receiving USDC on edgeX:
3⃣ I saw earlier reports saying that after the TGE, half of the treasury funds, ($9500 million, will be used for buyback. Could these funds be planned for a token buyback by market maker Amber in a few days? 🤔
EDGE1,64%
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