GMGN Fees Address Moves $18.24M in BNB, ETH and USDC to Pionex

On-chain data show a four-hour transfer from GMGN’s address to Pionex totaling $18.24 million, including 20,900 BNB, 2,356 ETH and 100,000 USDC.

Rich by Coin

2026-03-11

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On-chain data indicate that the GMGN Fees address (0x38d…866) sent a four-hour transfer to Pionex totaling $18.24 million. The transfer comprised 20,900 BNB, 2,356 ETH, and 100,000 USDC. Ai Emo, an on-chain analytics analyst, monitored the activity during the period.

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The move underscores a large liquidity transfer to Pionex, valued at $18.24 million. On-chain data show that the GMGN Fees address (0x38d…866) sent a four-hour transfer to Pionex totaling $18.24 million. The transaction moved a substantial amount of liquidity to the exchange. The transfer comprised 20,900 BNB, 2,356 ETH, and 100,000 USDC, per the records.

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Ai Emo, an on-chain analytics analyst, monitored the activity and noted the scale of the liquidity move. The move highlights how large token positions are relocated between wallets and exchanges, reflecting ongoing liquidity management in the crypto market.