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Wintermute Trading has withdrawn more than 8,000,000 ARKM tokens from Binance, underscoring its role in Arkham Intelligence’s controversial new dox-to-earn platform designed to uncover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