Wintermute Trading has been depositing millions of dollars of this altcoin into crypto exchange Binance for days.
In a recent development, Wintermute Trading, a leading market maker, deposited a significant amount of altcoin Arkham (ARKM) into cryptocurrency exchange Binance.
The company received a whopping 21,581,981 ARKM , or $7.34 million, from the Arkham Ecosystem Fund. Wintermute Trading then immediately deposited 1.5 million ARKM ($510k) into Binance.
This is not the first time Wintermute Trading has made this move. The market maker deposited a total of 11.39 million ARKM($4.53 million) into Binance over the past 12 days, starting October 4.
These deposits were made via the 0xdbf address at an average price of $0.398.
At the time of writing, ARKM price is trading at $0.3385.
Despite these significant deposits, Wintermute Trading still holds a significant amount of Arkham. The company currently holds 20.08 million ARKM ($6.82 million) at address 0xdbf.
Arkham was released recently and some of it was distributed to users via airdrop.
