Wintermute Is a Major Trader and a Key Player in Arkham’s Controversial Dox-to-Earn Platform.

Wintermute Is a Major Trader and a Key Player in Arkham’s Controversial Dox-to-Earn Platform.

Wintermute ⁤Trading has withdrawn more than 8,000,000 ARKM tokens from Binance, underscoring its role in Arkham Intelligence’s controversial new dox-to-earn platform designed to uncover anonymous crypto users.

According to Nansen, the blockchain analytics firm, these five Wednesday transactions totaling $3.7 million to ARKM increased Wintermute’s position by​ over 731%.

CoinDesk‌ Unknown
(Nansen)

Arkham Intel⁢ Exchange rewards people for identifying the anonymous crypto wallets behind them by paying a bounty in ARKM.⁢ Wintermute ‍could become a more important player in the ecosystem as ARKM accumulates.

Wintermute’s token is unlikely to⁤ be‌ purchased by Wintermute.⁢ [as an investment]. You could either make money with⁣ these tokens ​or do something else.⁤ [over-the-counter] Paul, a key contributor ⁤to crypto options trading protocol Lyra, said, “They help facilitate a deal they facilitate.”

Wintemute is now the 10th largest ARKM holder.​ In⁣ the last 24 hours, the price of ​the token has fallen 5.6% to just under 47 cents.

Wintemute had⁢ received 15 million tokens from the Arkham Intelligence ‍multisig wallet the day before, which Paul says makes sense in terms of market design.

Paul explained, “You⁣ want to distribute tokens to market makers​ before launch so token prices are‍ stable, otherwise they will be very volatile.”

Arkham ‍Intelligence officials did not respond to the⁤ at press time Request for comment from AskFX. Evgeny Gáevoy, CEO of Wintermute, told AskFX via X (formerly Twitter) that he could not comment.

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