In the last 24 hours, GSR Markets, a well-known cryptocurrency trading and liquidity services giant, sold approximately 5 million EDU tokens through the Binance platform, totaling nearly $3.2 million. After this operation, the price of EDU tokens suffered a significant decline of nearly 6%.

Despite the sell-off, GSR Markets still holds approximately 820,000 EDU tokens with a market capitalization of approximately $500,000. GSR’s rapid adjustment strategy for EDU token holdings is seen as a precursor to possible downward pressure on the market.

Currently, the trading price of EDU token is stable around $0.5972. Although the price increased the day before, it showed weakness again today, falling by 2.92%, continuing the recent bearish trend.