Between May 30th and 31st, LAYERZERO's cross-chain protocol STARGATE transferred 13.5 million STG, worth approximately $10.1 million. The transfer was divided into two parts, with 8.5 million STG going to GSR MARKETS: BINANCE DEPOSIT and another 5 million STG to BINANCE DEPOSIT, which is associated with GSR MARKETS. Additionally, South Korea's largest exchange, UPBIT, recently listed STG, causing its price to surge over 40% in the past 24 hours.

Wu learned that according to Arkham monitoring, the LayerZero cross-chain protocol Stargate: Treasure (0x8A…633A) transferred 13.5 million STG from May 30, 23:49 UTC+8 to May 31, 0:58 UTC+8, worth approximately $10.1 million. Out of this, 8.5 million STG was transferred to GSR Markets: Binance Deposit, and 5 million STG was deposited into Binance Deposit, an address associated with a suspected GSR Markets address. Yesterday, the largest exchange in South Korea, Upbit, listed STG, with a surge of over 40% in the past 24 hours. H/T: @ai_9684xtpa

LAYERZERO's cross-chain protocol STARGATE transferred out 13.5M STG, worth approximately 10.1 million US dollars