Giant crypto market maker Wintermute transferred millions of OPs to Binance shortly before Optimism’s $580 million unlock.
On-chain analytics platform Spot On Chain He posted on his official social media account on May 30. in the shipment, From Wintermute’s Optimism unlock recently on Binance 4.31 million worth a dollar 2.6 million KISS transfer reported that he did. OP price according to the information given by the platform $1.63 The transfer process was performed at the level.
It is common belief that a large amount of money in a token when unlocking Selling pressure is expected. Because of this sales pressure of Wintermute than your price in will fall thinking about selling made or will make is likely to happen.
According to the data Wintermute, to date Binance And coinbase average over $1.01 at cost 21.31 million OP bought it. The market maker has also 10.6 million worth a dollar 5.6 million sold tokens. Currently on the Wintermute balance sheet 22.9 million worth a dollar 15.37 million dollar OP.
According to Token Unlocks data, OP token unlock from 10 hours stayed for a short time. After the opening 580 million the total supply in dollars worth 9% of representative 386 million token will be free.
Coinecko according to data 30 days in OP depreciated by 32.1%, end 24 hours in 8.2% decrease by living writing $1.49 traded at the level.