GSR Markets suspected of LSK market making as 2 million tokens moved to Binance

On September 17, monitoring data indicated that a multi-sig address transferred 9.2 million LSK, valued at approximately $6.52 million, to another address. Subsequently, 2 million LSK were deposited into a Binance address associated with GSR Markets. LSK recently experienced high volatility, peaking at $2.37 last weekend before falling to $0.5084, a decline of approximately 78.5%.