The market maker Wintermute has recently attracted attention in the crypto market. According to monitoring by Spot On Chain, Wintermute rapidly transferred 3.3% of the circulating supply of TAI to centralized exchanges (CEX) after receiving it, seemingly to enhance market liquidity.🌐
In just 13 hours, Wintermute deposited 2.303 million TAI (approximately $349,000) into Gate.io and Bybit. However, 15.6 million TAI (worth $2.39 million) still remain in their wallet.📊
This operation demonstrates the flexibility of market makers in liquidity management and the thoughtfulness of their market strategies.🔍