Wintermute Trading, which is recognized as one of the most influential market makers in the cryptocurrency industry, has initiated a process to make substantial modifications to the altcoin portfolio that it maintains.
Coinbase and Kraken have recently received approximately 7.3 million BLUR tokens transferred from the company.
This quantity of BLUR tokens equals one million and three hundred thousand dollars.
With the completion of this transfer, Wintermute’s total volume of BLUR sent to exchanges this month, presumably for sale, amounted to 46.6 million tokens, or $46.6 million.
Despite this, the price of the BLUR alternative coin has increased today, and as of the time this article was published, it was trading at $0.18.
This represents a 4.20 percent increase over the day.
In contrast, when the total value of the firm’s tokens held on the Ethereum network is accounted for, the company’s portfolio is worth 137 million dollars.
This conclusion was reached after considering all of the tokens held by the company on the Ethereum network.
The overwhelming majority of the organization’s assets are currently held in the form of Arbitrum (ARB), which is valued at approximately $30.38 million.
Optimism (OP), which has a market capitalization of roughly 28 million dollars, is currently in second place.
The company conducted business as usual throughout the day, and in addition to these transactions, it sent a modest amount of GALA, ARB, and ARPA tokens to other central exchanges.