Giant cryptocurrency market maker and trading company Wintermute transferred $5 million of dYdX (DYDX) to exchanges, while the price dropped by up to 10%.
On-chain analytics platform Lookonchain 4th of July Posted on his official social media account on in the shipmentby Wintermute to various exchanges 5.08 million dollar worth 2.6 million DYDX Said it was transferred. According to the data Wintermute, since the sharing 63k DYDX made more transfers.
Lookonchain, the company Firstly approximately 22 hours reported that he had started the transfers before and might be selling he had said. The price of DYDX has been declining since the first time these transfers started. 10%A near-depreciation suggested by Lookonchain sales thesis strengthened.
At first only 650 thousand DYDX Transferring Wintermute, soon 5.3 million dollar worth 2.66 million DYDX conveyed. in total to 3.1 million DYDX Wintermute, who owns 90%He transferred his money to the stock markets. According to the data in Wintermute wallet, for now 908 thousand dollar worth approx. 461 thousand DYDX left.
Coinecko according to data DYDXwith transfers $2.14 from the level 10%depreciating close to for $1.94 as much as it declined. later 3% experiencing a recovery 2 dollars DYDX, which has risen to the level of $1.98 traded at the level.