Friday, February 23, 2024
HomeNewsFud was rampant last week dragging altcoin prices down with BTC, Wintermute...

Fud was rampant last week dragging altcoin prices down with BTC, Wintermute enlisted $MKR.

**1/ Wintermute $MKR Wallet: **0xa939bffb33bed18dc0063737cb9ea41a1fdb2fe3 (1) Looking at the Analytics chart from 10/3/2023 the amount of $MKR increased before the FUD $USDC. A few days ago they started a campaign with $MKR and they transfer the amount of $MKR between one wallet to another this helps them to take profit and provide liquidity to the exchanges. **2/ Wintermute’s $MKR pool address:** 0x6e0b2384155c05727876e4f9e23636b0022e630b (2) They transferred a large amount of $MKR from Coinbase and Binance, Kraken to the wallet and then transferred to their storage wallet (1) $MKR in throughout the past few days. Behind this wallet, there are still many other wallets that transfer $MKR to this wallet **3. Independent wallet address: **0x280027dd00ee0050d3f9d168efd6b40090009246 (3) Firstly, they do not receive any $MKR from any wallet and only transfer from Coinbase or Uniswap to the wallet. Secondly, they also do not distribute any $MKR coins to other wallets, they only transfer to Uniswap, Sushiswap that helps them both to collect goods and create liquidity for the exchange. The special thing is that when this wallet collects MKR into the wallet, they use many orders and divide the amount to swap $MKR -> $USDC, but the selling amount is less than the buying quantity. Based on the formula: Netflow = Inflow – Outflow (If Netflow is positive, the buying volume is more than the selling volume and vice versa). Thus, Wintermute is taking action to collect goods and create liquidity for the exchange.


Source: Collector

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments