Foresight News reported that according to Ember monitoring, 50 million USDC was transferred from the edgeX treasury to edgeX. The funds in the edgeX treasury decreased by 50 million dollars in the last day (from 190 million dollars to 140 million dollars), with two wallets, including the market maker Amber Group, having transferred the corresponding 50 million USDC across the chain to edgeX, of which the address starting with 0xc8B currently holds about 75 million USDC. EdgeX is expected to conduct the EDGE token TGE in 3 days, and there have been reports that it plans to use half of the treasury funds (about 95 million dollars) for buybacks.

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