#Wintermute sets up a large amount of stablecoins, Altcoin will continue to enter the next wave
In the last 24 hours,#Wintermuteminted 58.32M $USDC and deposited 268M $USDC to#Coinbase& 152M $USDC to #Binance
The total setup amount is 421M $USDC
The last time#Wintermuteset up money to push Altcoin was total 3 at 677B$ with 449M $USDC setup and total increased from 677B$ to 767B$
With the amount of 300M $USDC poured in, we are often quite worried that Altcoin needs to adjust so that MM can collect it in a good position, but in the past 2 days Altcoin has had a correction trend before.
Therefore, it is always possible for this $USDC amount to be absorbed directly into Altcoin when MM has previously pushed down the Alt price to get a good position, this case happened with the previous setup.
Note: Even if there is an adjustment to collect, remember that the main purpose of this money is to push up the price of Altcoin
