Summary
- Wintermute reportedly transferred all of its ORCA holdings to a centralized exchange.
- As a result, the price of ORCA plummeted by about 30% in a single day.
- ORCA is reportedly trading at a price down 13% from the previous day on Binance.
Cryptocurrency market maker Wintermute has reportedly transferred all tokens of ORCA received from Orca to a centralized exchange (CEX). As a result, the price of ORCA plummeted nearly 30% in a single day.
According to on-chain data analyst 'ai_9684xtpa' on the 22nd (local time), Wintermute deposited 2.5 million ORCA (approximately $9.62 million) received from the project on the 21st into a centralized exchange. Subsequently, ORCA fell from $3.64 to $2.56, a drop of about 30%.
At 1:48 PM on the same day, ORCA was trading at around $2.58 on the Binance Tether (USDT) market, down approximately 13% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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