OpenCampus Transfers $5.33 Million EDU to GSR Market's Multi-Sig Address

IconCryptoNewsTerminal Staff04 Sep, 2024

cryptonews.jpg

OpenCampus Transfers $5.33 Million EDU to GSR Market's Multi-Sig Address

On-chain analyst ai_9684xtpa reported that a multi-signature address of Web3 education protocol OpenCampus (EDU) transferred 1,000 EDU ($5.33 million) to an address believed to be part of cryptocurrency market maker GSR Market four hours ago. This marks the second significant transfer of EDU to the same address. OpenCampus has transferred a total of 2,800 EDU ($22.33 million) to the address believed to be linked to GSR Market over the past seven months. The purpose of these transfers and the nature of the relationship between OpenCampus and GSR Market remain unclear. However, these transactions highlight the growing interest in EDU from institutional players within the cryptocurrency market.