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Nearly 3 million XUSD transferred to an exchange from StraitsX within two minutes
[Bitpush] On-chain data shows that at around 18:06 this evening, StraitsX’s address suddenly transferred 5 million XUSD to its own hot wallet. Just two minutes later (18:08), this hot wallet quickly sent 2.9447 million XUSD into a major exchange.
This operation rhythm is quite tight—first consolidation, then deposit—possibly to meet liquidity needs on the exchange side. After all, a nearly $3 million transaction is a significant move in the stablecoin market.