According to @OnchainDataNerd, the GSR wallet on Binance received 3.5M $APE (~$1.8M) from wallet 0xFfd, which were originally transferred from Coinbase Custody and sourced from Ape's treasury. This follows a previous transfer of 1M $APE to GSR from the same wallet three weeks prior, suggesting ongoing significant movements of $APE tokens that could indicate market activity or strategic positioning by GSR.

According to @ai_9684xtpa, Wintermute is also a market maker for $APE. For more details on market making, refer to the linked tweet.