Market Maker Company Transfers This Altcoin to Cryptocurrency Exchange Binance

According to Onchain data, major market maker company Wintermute has made some interesting transactions in recent hours.

The data shows that the company transferred approximately 14 million Arbitrum (ARB) to cryptocurrency exchange Binance in the last 24 hours, worth around $7.93 million at the time of writing. Although the exact purpose of the transfer is not clear, transfers to centralized cryptocurrency exchanges generally have the purpose of selling.

When the data at the time of writing is evaluated, it is seen that Wintermute has a total of $125 million in cryptocurrency wallets. $24 million of these are held in stablecoins, while the rest of the company's portfolio is as follows:

• Wrapped Bitcoin (WBTC) – $10.21 million
• Pepe (PEPE) – $8.32 million
• Wrapped Ethereum (WETH) – $7.80 million
• Dai (DAI) – $5.71 million
• BitMart (BMX) – $4.60 million
• Optimism (OP) – $4.34 million
• Neiro (NEIRO) – $3.91 million
• Polyhedra Network (ZKJ) – $3.32 million
• Arbitrum (ARB) – $2.52 million
• Taiko (TKO) – $2.49 million

Another cryptocurrency company, Pantera Capital, transferred 1inch (1INCH) tokens to Binance in a transaction made today.

*This is not investment advice.