Wintermute Withdraws $736K in NEIRO from Gate.io, Acting as Market Maker

Quick Summary:

Wintermute, a prominent crypto market maker, has withdrawn approximately 4.34 million NEIRO tokens, valued at $736,000, from the Gate.io crypto exchange over the past 24 hours, according to an on-chain analysis revealed by The Data Nerd via X.

Market makers like Wintermute play a crucial role in the cryptocurrency ecosystem, providing liquidity to exchanges and ensuring that markets remain stable by facilitating smooth transactions between buyers and sellers.

The ability to influence markets by holding and trading large amounts of assets gives Wintermute considerable power in shaping the trajectory of tokens like NEIRO.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Wintermute Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 06:54:12 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 865 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22444274

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 22 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

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