Multisign 0x540 (likely XAI) just deposited 4.17M XAI ($849K) to Binance:

• transaction: 0xd56fe28defbe2b1e6af50ca4263a3cb4fe00922e5e62c25fb2629c686ad003d9
• address: 0x5400f813c90880cb516ece7312fb9094feb2f101

Notably, the multisign received 175M XAI (then $106M) from the Null Address ("minting") on December 6, 2023, and January 2, 2024, and has so far deposited to Binance and sold via DEX a total of 8.638M XAI at an average price of $0.269 ($2.33M) since July 10, 2024, including:

• deposited 8.33M XAI ($2.25M) to Binance via direct deposits;
• sold 235K ($73.6K) via CoW Protocol via middle wallets 0xb6e/0xeb9;
• deposited 100.6K XAI ($21.5K) to Binance via middle wallets 0xb6e/0xeb9.
• middle address 1: 0xb6ee39979f23adc67dac77cdd3e11c0afd66fa9a
• middle address 2: 0xeb9f8c35a37328068f3dc6c2c04400fab38d155e

The XAI price has been on a steep decline since then.

Currently, there are 158.87M XAI ($32.2M) left in the main multisign 0x540 and 6.832M XAI ($1.39M) left in the middle wallet 0xb6e.

Fig 1. Multisign 0x540 (likely XAI) has allegedly sold 8.638M XAI ($2.33M) via Binance and DEX since July 10, 2024.