Analysis: Wintermute is a market maker for ORCA, and had withdrawn coins from CEX 12 hours before the coin listing announcement was released
On December 6, crypto data analyst @ai_9684xtpa posted on social media that Wintermute is the market maker for ORCA, a new token listed on CEX. It started making markets for ORCA as early as December 2023 and currently holds tokens worth $4.2 million on-chain. Twelve hours before the coin listing announcement, this institution withdrew 125,000 ORCA from CEX (currently worth $830,000).
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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