50M USDC flows into edgeX in preparation for EDGE TGE
余烬|3月 28, 2026 11:08
50 million USDC has been transferred from the @edgeX_exchange treasury to edgeX, gearing up for EDGE's TGE in 3 days.
According to defillama data, the edgeX treasury saw a $50M decrease in stablecoins over the past day, dropping from $190M to $140M.
Defillama data: https://(defillama.com)/protocol/edgex?tvl=false&fees=false&treasury=true
I checked on-chain and found that two wallets, including market maker Amber Group, transferred the corresponding 50M USDC cross-chain into edgeX.
Receiving address 0xc80...783 currently holds about 75M USDC on edgeX.
USDC transfer to edgeX:
https://intel.((arkm.com))/explorer/address/0xab570...e
https://intel.((arkm.com))/explorer/address/0xE11970...AC
USDC receiving address on edgeX:
https://pro.edgex.exchange/zh-CN/explorer/address/0xc80...783
Previously, I saw reports suggesting that after the TGE, half of the treasury funds ($95M) would be used for buybacks, so this might be part of the plan via market maker Amber
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