BlockBeats news, on March 28, according to Yu Jin monitoring, edgeX’s treasury decreased by 50 million stablecoins in the last day, dropping from 190 million dollars to 140 million dollars. Through on-chain investigation, Yu Jin found that two wallets, including the market maker Amber Group, transferred the corresponding 50 million USDC across chains into edgeX. The receiving address 0xc8B…783 currently holds about 75 million USDC on edgeX.
Yu Jin speculates that this portion of USDC may be used for TGE market making or token repurchase.
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