On-chain analyst The Data Nerd took to Twitter to share that "22 hours ago, crypto market making firm GSR Market's alleged address deposited 5 million EDU ($3.2 million) on Binance." Since then, EDU has declined by about 6%. The address currently holds 820k EDU, equivalent to $494k. EDU is the native token of the Education Ecosystem project and is used for governance, staking, and other purposes within the platform.