📉 Liquidator of Three Arrows Capital merges STRK
According to Spot on Chain, Teneo, the liquidator of what was once one of the largest funds in crypto, Three Arrows Capital, transferred 2.18 million STRK to Binance over the past three days. At the same time, he owns another 130 million STRK.
Three Arrows Capital is STRK's second largest wallet, excluding team or exchange wallets.
On the one hand, the selling pressure from such a whale should push the price down. However, we remember that the liquidation of SOL by FTX did not prevent the coin from making a couple of dozen X’s.🤔