Wintermute’s Market Activity on $ORCA Coin Sparks Price Volatility
The fluctuations of the crypto market are well-known, and the $ORCA token is no exception. A well-known market maker, Wintermute, has transferred a large quantity of $ORCA tokens—$9.62 million worth of them—recently. This seems to signal a possible change in market dynamics for this particular asset. The newly-infleeced Wintermute has promised to use these tokens for market-making, if not outright selling. This could obviously have a significant effect on the price of the coin in the near future. Market-Making Moves and Token Transfers According to recent reports, Wintermute has already started depositing part of the $ORCA tokens into big cryptocurrency exchanges like Coinbase, Binance, Kucoin, and Kraken. This transfer is part of a larger, market-making strategy that has been engineered to manage liquidity and allow for the buying and selling of the asset without too much fuss. By adding liquidity […]