Two Major Market Making Companies Dumped This Altcoin Today!

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Bitcoinsistemi2024/10/26 20:00

By:Mete Demiralp

According to Onchain data, two companies triggered a surprise sell-off in the altcoin in the last day.

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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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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