Giant Market Maker Wintermute Makes Substantial Transfers from its Altcoin Portfolio to Centralized Exchanges

Wintermute Trading, one of the largest market makers in the cryptocurrency world, has begun to make significant changes to its altcoin portfolio.

The company recently transferred 7.3 million BLUR tokens to cryptocurrency exchanges Coinbase and Kraken. This amount of BLUR tokens corresponds to 1.3 million dollars. With this transfer, the amount of BLUR that Wintermute carried to the exchanges this month, probably for sale, reached 46.6 million tokens ($46.6 million).

Despite this, the BLUR altcoin price has risen today and is trading at $0.18 at the time of writing, with a 4.20% increase during the day.

However, when the value of all the company's tokens on the Ethereum network is measured, we observe a huge portfolio of 137 million dollars. The majority of the company's assets are Arbitrum (ARB) with a value of $ 30.38 million. In second place is Optimism (OP) with approximately 28 million dollars.

The company also transferred small amounts of GALA, ARB, ARPA tokens to central exchanges in its transactions during the day.

*This is not investment advice.