Ember CN, a renowned cryptocurrency analyst, has provided updates on the activities related to $GMT (Magna Carta Tokens). According to Ember CN, BinanceLabs' account (0x2e5) has transferred 3.75 million $GMT (valued around $0.99M) to Binance.
Starting from October 7th, the Binance Labs address has been regularly receiving unlocked and released GMT from the address 0xf3c. This periodic transaction takes place at a frequency of 3.75 million GMT per month which subsequently gets deposited into Binance.
To date, a total of 18.75 million GMT has been unlocked, received, and moved to Binance. It's significant to note these fund movements as $GMT represents the intrinsic token of the Magna Carta Alliance - a crucial alliance in the blockchain industry that focuses on creating a standardized decentralized identity verification system. These releases suggest ongoing activities and progress within the Magna Carta project.