POAP founder transfers 4,000 ETH to Gemini, still holds 55,000 ETH

On October 5, according to on-chain analyst @EmberCN, POAP (@poapxyz) founder @worthalter transferred 4,000 ETH (approximately $10.79 million) to the exchange Gemini eight hours ago, suspected of reducing his position. He currently still holds 54,967 ETH, valued at approximately $149 million.