In the past 20 hours, Wintermute has withdrawn $940,000 worth of $SLERF tokens from OKX. However, this may not signify a new development. Evidence suggests that Wintermute has been serving as a market maker for $SLERF since at least eight months ago, when the token was at its peak. Beyond the recent withdrawal, an additional $30,000 in $SLERF tokens was transferred from the address MfDuW…MGVWa, which is strongly linked to Wintermute. Several factors reinforce this connection: 1. Token Overlap: The memecoin holdings of this address, including MOODENG, BONK, ACT, and PONKE, align closely with Wintermute’s known portfolio. 2. Frequent Fund
The post Wintermute’s $SLERF Activity Suggests Longstanding Market Maker Role appeared first on The Merkle News.