Analysis: Wintermute was a market maker for ORCA and withdrew funds from Coinbase 12 hours before the token listing announcement

ChainCatcher news, crypto data analyst @ai_9684xtpa posted on social media that Wintermute is the market maker for Binance's newly listed token ORCA.

It started market making for ORCA as early as December 2023 and currently holds tokens worth $4.2 million on-chain. 12 hours before the listing announcement, the institution withdrew 125,000 ORCA (currently worth $830,000) from Coinbase.