Wintermute may have just made history by taking on a prominent role in the market for $ACT, positioning it as the 12th largest memecoin in its holdings.
This move might signal the arrival of the first meme market maker in the cryptocurrency space.
Nine hours ago, the ACT Community transferred a significant 9.48 million ACT tokens—representing 1% of the total supply—to Wintermute. This amount is valued at roughly $5.42 million. The source of this transfer traces back to the community’s allocation of ACT DEV tokens, which totals 19 million tokens or 2% of the entire ACT supply. Initially, these tokens were earmarked as a fee to list ACT on Binance, a charge mentioned by @0xcryptowizard (though it was never actually collected). Now, it seems that part of these funds is being repurposed for market-making activities.
Wintermute 或已为 $ACT 做市，成为其持仓 TOP12 的 Memecoin 资产，名副其实的 Meme 第一做市商了😆
九小时前 ACT Community 向 Wintermute 转移了 948 万枚 ACT（占代币总量的 1%），约 542 万美金
做市地址 https://t.co/WFUTHFyq0N https://t.co/6ARswDYHYH pic.twitter.com/ExhRoIVm1o
— Ai 姨 (@ai_9684xtpa) November 13, 2024
Earlier, ACT DEV bought a massive 126 million ACT tokens using 4 SOL, but the community criticized this action after the tokens were later sold off in large amounts. However, since then, ACT DEV has completed its course by distributing, burning, or selling all of its tokens and successfully executing a community-driven CTO transition.
This latest transfer to Wintermute could mark a new chapter for the ACT ecosystem, potentially fostering greater liquidity and stability for this memecoin as it establishes its place among top holdings.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.