Flow Traders, GSR Markets Emerge as Estimated SAFE Market Makers

IconCrypto News Terminal23 Apr, 2024

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Flow Traders, GSR Markets Emerge as Estimated SAFE Market Makers

Flow Traders and GSR Markets have been identified as possible market makers for the SAFE project, according to on-chain analyst AI (@ai_9684xtpa). An estimated 6.2 million SAFE and 3.5 million SAFE tokens were received by the market makers from the SAFE project's multi-sig address 11 hours ago. Of the received tokens, 2.5 million SAFE were deposited into a centralized exchange (CEX) within the last hour. Previously on April 23, 2024, on-chain analyst AI (@ai_9684xtpa) tweeted via X that "SAFE's market makers are estimated to be Flow Traders and GSR Markets. 11 hours ago, the two market makers received 6.2 million SAFE and 3.5 million SAFE tokens, respectively, from the SAFE project's multi-sig address, and they have deposited 2.5 million SAFE to a centralized exchange (CEX) in the last 1 hour."

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