The news of GSR transferring 7 million WCT (Wrapped Crypto Token) to Binance has attracted widespread attention in the market. According to monitoring data, GSR deposited a total of 7 million WCT to Binance in two transactions within a short period, demonstrating its role as a potential market maker for WCT. This move not only indicates GSR's confidence in WCT but may also influence the liquidity and market performance of WCT to some extent. First, GSR and Flow Traders jointly serve as market makers for WCT, which shows that they are providing market depth and stability for WCT, potentially attracting more investors to participate in trading. Second, the deposit of 7 million WCT is approximately equivalent to 3.46 million USD.