The XAI project team transferred 11.01 million XAI to GSR Markets from a related address an hour ago

According to on-chain analyst @ai_9684xtpa, an hour ago, the XAI project-related address 0xe4d...c6FeF transferred 11.01 million XAI to GSR Markets, which has now been deposited into CEX, valued at $3.89 million. This address had received 37.34 million tokens distributed by the project before its launch on January 8th, 2024 and transferred 14.21 million of them to three addresses or possibly entrusted GSR for sale about 25 hours ago.