According to TechFlow, an on-chain analyst, Auntie AI, an hour ago, the XAI project's associated address 0xe4d...c6FeF transferred 11.01 million XAI to GSR Markets, which has now been deposited into Binance, worth $3.89 million.

This address received 37.34 million tokens distributed by the project on January 8, 2024 (before the token was launched), and transferred 14.21 million of them to three addresses 25 hours ago, or entrusted GSR to sell them.