Data: Half an hour ago, 4 million STG were transferred to multiple centralized exchanges from a certain address

ChainCatcher news, Twitter KOL Yu Jin stated that an address received 8 million STG from a [Stargate Finance](https://www.rootdata.com/zh/Projects/detail/Stargate Finance?k=MTA2NA==) multi-signature address 61 days ago, and half an hour ago transferred 4 million STG (approximately 2.88 million USD) to several centralized exchanges. Among them, 2 million were transferred to Binance, 1 million to Gate, 500,000 to Bybit, and 500,000 to Crypto.com.

Yu Jin analyzes that this transfer is likely the implementation of a proposal passed by Stargate DAO two months ago: to provide 8 million STG to market maker GSR for market making. (Source link)