Wintermute Wallet Receives $3.16M In API3, Sparks Sell-Off Speculation
Earlier today, an address linked to Wintermute received 2 million API3 tokens, valued at approximately $3.16 million, from the API3 staking address. This transaction has raised eyebrows in the crypto community, as past activity suggests a potential sell-off may be imminent. Historical transaction records show a consistent pattern: whenever this specific wallet receives API3 tokens, the funds are subsequently sent to the Kraken exchange, leading many to believe a sale may follow. Over the last six months, this address has received and transferred around $4.42 million worth of API3 tokens to the exchange, further fueling speculation of a sell strategy. https://twitter.com/ai_9684xtpa/status/1836766936610595186 API3’s price movement has been relatively positive over the past week, with the token gaining 12% in value. However, today saw a slight 2% dip, which has left some investors wary of whether further declines could be on the […]