Wintermute Moves $3.99 Million Worth of APE to Binance
CryptoNewsTerminal Staff02 Sep, 2024
Wintermute Moves $3.99 Million Worth of APE to Binance
Wintermute, a renowned cryptocurrency market maker, has transferred $3.99 million worth of ApeCoin (APE) to Binance, a major cryptocurrency exchange. This transaction was uncovered by on-chain analyst @ai_9684xtpa, who shared details on Twitter. Three days prior to this transfer, Wintermute reportedly received 10 million APE, valued at $6.31 million, from both the ApeCoin treasury and a Coinbase ApeCoin address. The recent movement of 7 million APE to Binance signifies a significant portion of this received amount. The reason behind Wintermute's transfer of APE to Binance remains unclear. However, some speculate that it could be related to providing liquidity on the exchange or facilitating client trades. Nonetheless, this transfer highlights the growing prominence of APE within the cryptocurrency market.
