ORCA Deployment Address Transferred Tokens Worth $9.62 Million to Wintermute 1 Hour Ago, Possibly for Market Making/Selling
According to a report by Jinse Finance, monitored by @ai_9684xtpa, the ORCA deployment address transferred tokens worth $9.62 million to Wintermute one hour ago, possibly for market making/selling. As of now, Wintermute has deposited some ORCA into trading platforms such as Coinbase, Binance, Kucoin, and Kraken, and still holds 2.2 million tokens on-chain, valued at $7.5 million. Since the first deposit of tokens to the trading platform at 22:18, the token price has dropped by 7% (from $3.642 to $3.39); Wintermute had interacted with ORCA as early as December 2024, suggesting this is not their first market-making activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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