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Two Major Market Making Companies Dumped This Altcoin Today!
Two Major Market Making Companies Dumped This Altcoin Today!
According to Onchain data, two companies triggered a surprise sell-off in the altcoin in the last day.
Author:
Mete Demiralp
26.10.2024 – 16:04
Update:
8 seconds ago
0
According to cryptocurrency onchain data, two market maker companies made a notable sale of an altcoin in the last day.
According to the data, Wintermute company deposited 2.10 million Arbitrum (ARB) tokens worth $1.16 million to the cryptocurrency exchange Binance a few hours ago.
On the other hand, following Wintermute, another cryptocurrency market maker company, GSR, also transferred 4.71 million ARB tokens worth $2.57 million to Binance.
Wintermute currently has approximately $1.68 million worth of ARB remaining, while GSR has a total of $3.03 million worth of ARB.
Following the transfers, the ARB price lost approximately 6% of its value.
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Vitalik Buterin Responds Harshly to Allegations of “Selling ETH and Dumping the Price”
The cryptocurrency market continues to lose blood, especially on the altcoin side. In the last day, the total cryptocurrency market value decreased by 2.29% and fell to $ 2.27 trillion. On the other hand, the biggest declines among the top 100 cryptocurrencies were Aerodrome Finance (AERO), Worldcoin (WLD) and Floki Inu (FLOKI).
Those that remained in the green zone in a red week were listed as Goatseus Maximus (GOAT), Safe (SAFE) and ApeCoin (APE).
*This is not investment advice.
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