GSR Deposits $1 Million in RARE Tokens to Binance: Insights on Multi-Signature Wallet Holdings

On March 11th, COINOTAG News reported that GSR has executed a significant transaction, depositing 10 million RARE tokens—valued at approximately 1 million US dollars—into Binance, according to insights from The Data Nerd. This strategic move involves transferring these tokens from a previously active multi-signature wallet that has already released 50 million RARE into the market. Following this transaction, the multi-signature wallet retains a balance of 35.54 million RARE, equating to about 363,000 US dollars. Such actions highlight the ongoing liquidity management strategies employed by institutional players within the crypto landscape, emphasizing the importance of monitoring token flows for investors and stakeholders in the cryptocurrency sector.