According to The Data Nerd's monitoring, Wintermute transferred 5.78 million ARB (about $5.9 million) from its Binance cold wallet to its hot wallet. In the past 48 hours, they deposited a total of 20.9 million ARB (about $24.32 million) to Binance and Kraken. This caused the price of ARB to plummet from $1.5 to $1, a drop of about 33%.
