GMGN deposits $18.24M in crypto to Pionex's fee address, possibly for fee settlement

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Crypto news: A GMGN Fees address transferred $18.24 million in crypto to Pionex in the last four hours. The transfer included 20,900 BNB, 2,356 ETH, and 100,000 USDC, all originating directly from the GMGN Fees address. Crypto Today shows that BSC has outpaced Base and Ethereum in transaction volume for the past two months.

According to on-chain analyst Aunt Ai (@ai_9684xtpa), over the past four hours, addresses starting with 0x38d deposited 20,900 BNB, 2,356 ETH, and 100,000 USDC into Pionex, totaling $18.24 million, with the funds originating from the GMGN Fees address. The analyst noted that, based on the network distribution of fees, trading activity over the past two months has been highest on BSC, followed by Base, then Ethereum.

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