Odaily Planet Daily News According to the monitoring of on-chain analyst @ai_9684xtpa, the deployment address of Orca ($ORCA) transferred tokens worth about $9.62 million to the market maker Wintermute 1 hour ago, suspected to be used for market making or selling.
At present, Wintermute has recharged part of $ORCA into exchanges such as Coinbase, Binance, KuCoin, and Kraken, and still holds 2.2 million tokens on the chain, worth about $7.5 million.
Since the first recharge of tokens to the exchange at 22:18, the price of ORCA has fallen from $3.642 to $3.39, a drop of about 7%. It is reported that Wintermute had on-chain interaction with ORCA as early as December 2024, and it may not be the first time to participate in its market making activities.