Wintermute Acquires $2.37 Million Worth of NEIRO following Binance Listing Announcement
CryptoNewsTerminal Staff10 Sep, 2024
Wintermute Acquires $2.37 Million Worth of NEIRO following Binance Listing Announcement
On-chain data analytics provider Lookonchain recently analyzed blockchain transactions and discovered that an address believed to belong to Wintermute purchased approximately $2.37 million worth of NEIRO following Binance's announcement of listing NEIROETH/USDT Perpetual Futures. This purchase suggests that Wintermute, a leading market maker, has taken a significant interest in NEIRO. Previously, on-chain analyst The Data Nerd speculated that Wintermute might have become a market maker for NEIRO. The recent acquisition of a substantial amount of NEIRO further supports this notion. Market makers play a crucial role in providing liquidity and depth to crypto markets, ensuring efficient trading. Wintermute's involvement in the NEIRO market is likely to bring increased attention and liquidity to the token. The company's track record as a reputable market maker suggests that it will contribute to the healthy growth and stability of the NEIRO ecosystem.
