According to @EmberCN, 50 million USDC has been moved from the EdgeX treasury to the EdgeX platform, raising speculation about its purpose—either for market-making or token buyback activities ahead of the $EDGE token generation event (TGE) in three days. Data from DeFiLlama reveals that EdgeX's stablecoin holdings dropped significantly from 190 million USD to 140 million USD within a day, sparking more questions regarding its financial movements on-chain involving entities such as market-maker Amber.

According to Cas Abbé, Gate.io has initiated a $100K $EDGE airdrop exclusively for $GT token holders, an attractive opportunity during a period of low market volume and slow price movements. This airdrop requires holding just 1 $GT token, offering a low-risk method for traders to potentially gain additional value in the current stagnant market conditions (Cas Abbé, Twitter).